The Criteria Against Which Performance Is Measured Are Referred to as ________

question 45

Multiple Choice

The criteria against which performance is measured are referred to as ________.

• A) standards
• B) tools
• C) controls
• D) measures
• E) frameworks

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Definitions:

Profit Margin

A financial ratio that shows what percentage of sales has turned into profits, indicating the efficiency of a company's cost management.

Accounts Payable

Accounts payable are amounts a company owes its suppliers or creditors for goods or services received that have not yet been paid for.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value over time.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenues.