Performance Measures Are

question 55

Multiple Choice

Performance measures are:

• A)the benchmarks against which performance is measured
• B)the ratings used to evaluate performance
• C)the standards against which an organization compares itself to the competition
• D)dependent to a great degree upon each individual employee
• E)the same as performance standards

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Definitions:

Official Authorization

Formal approval granted by an authorized entity, often required for specific actions or operations.

Corporation

A legal entity (or a legal person) created by either a state or federal statute authorizing individuals to operate an enterprise.

Bylaws or Regulations

Rules or laws established by an organization or community to regulate its actions and enforce standards.

Annual Shareholders Meeting

A yearly gathering of the shareholders of a company to discuss its performance, elect the board of directors, and make decisions on other corporate matters.