A KPI Is

question 45

Multiple Choice

A KPI is:

• A)an industry standard for measuring performance along a given dimension.
• B)a measure proposed by senior management.
• C)an alternative to the balanced scorecard method.
• D)an analytic technique for measuring financial performance.

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Definitions:

Planned Activities

Predefined actions or strategies set by an organization in pursuit of its objectives.

Accounting Period

A specific and standard duration of time (such as a month, quarter, or year) during which accounting records are kept and financial statements are prepared.

Immaterial Variances

Small or insignificant differences between budgeted and actual figures that are not considered important enough to analyze in detail.

Fixed Overhead Variance

The difference between actual fixed overhead costs and the expected (or budgeted) fixed overhead costs.