Criterion Deficiency Refers to the Extent to Which the Standards

question 114

True/False

Criterion deficiency refers to the extent to which the standards of an appraisal relate to the strategic objectives of the organization in which they are applied.

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Definitions:

World Bank

An organization established by the industrialized nations in 1946 to loan money to underdeveloped and developing countries; formally known as the International Bank for Reconstruction and Development.

Underdeveloped

Refers to countries or regions with low levels of industrialization, infrastructure, and income per capita compared to other countries.

Developing Countries

Nations with a lower living standard, undeveloped industrial base, and low Human Development Index relative to other countries.