Results-Based Formats for Performance Measurement

question 74

Multiple Choice

Results-based formats for performance measurement:

• A) work best for employees that perform different tasks on a daily basis like a lawyer or an engineer
• B) are basically problem-free
• C) can ignore important job behaviors that are difficult to quantify
• D) are typically used by companies where how a task is accomplished is as important as if it is accomplished
• E) are accurately described by all of the above

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Definitions:

Advertising Dollars

The amount of funding allocated to promotional activities in order to increase product or service visibility.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, with cost per unit of output generally decreasing as scale is increased.

Value Chains

The full range of activities that businesses go through to bring a product or service from conception to delivery to the end user.

Economies of Scope

Cost advantages that a business obtains due to a broader range of operations or production levels.