Which of the Following Metrics Often Serve as Outcome Metrics

question 10

Multiple Choice

Which of the following metrics often serve as outcome metrics, but can be lagging indicators of improvement?

• A) Process
• B) Quality
• C) Action
• D) Improvement

---

Definitions:

Total Cost

The complete cost of production, combining both fixed and variable costs incurred by a business in producing a good or service.

Output

The overall production of goods or services by an organization, industry, or economic body.

Economic Profit

The gap between all earnings and total expenditures, factoring in both overt and hidden costs.

Accounting Profit

The total revenue of a business minus the explicit costs associated with that business, as calculated for financial accounting and reporting purposes.