Which of the Following Is an Accurate Statement Concerning Utilisation

question 128

Multiple Choice

Which of the following is an accurate statement concerning utilisation of different sources of information for performance measurement?

• A)Managers should use as many as three different methods when possible.
• B)Statistical reports are the single most effective method.
• C)It is not advised to utilise oral reports and personal observation as dual methods.
• D)In combination, personal observation and written reports are considered superior to other methods.
• E)Managers use a combination of approaches because it increases the probability of getting reliable information.

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Definitions:

Largest Exporter

A country or entity that sells the highest volume or value of its goods or services to foreign markets, holding a significant position in global trade dynamics.

Terms Of Trade

The ratio of a country's export prices to its import prices, affecting the volume of imports that can be bought with a given volume of exports.

Economic Basis

The foundational activities or sectors upon which a region's or country's economy is built and operates, fundamentally influencing its wealth and growth.

World Trade

Refers to the exchange of goods and services across international borders or territories.