CSFs and KPIs Are the Two Core Metrics Used Within

question 117

Multiple Choice

CSFs and KPIs are the two core metrics used within a business to track progress or success.What is the relationship between CSFs and KPIs?

• A)CSFs are business strategy elements where KPIs measure the progress of the CSFs.
• B)CSFs build the business environment where KPIs explain how to build the CSFs.
• C)KPIs are used first where CSFs are applied after.
• D)KPIs promote employees on their performance where CSFs demote employees based on their performance level.

Understand the impact of international standards and multinational companies on small businesses.

Recognize the historical perspectives on worker rights and management philosophies.

Comprehend the significance of trust, mutual respect, and self-disclosure in relationship building.

Identify the features of Taylor's scientific management and Max Weber's views on human relations problems.

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Definitions:

Refund

The act of returning money previously paid for a product or service, usually due to dissatisfaction or a defect.

Authority

Involves the right or power to give orders, make decisions, and enforce obedience within an organizational or social context.

Cultivating Others

The act of nurturing, developing, and enhancing the skills, knowledge, and abilities of other individuals.

Relationships

Connections or associations between two or more people, entities, or concepts, often characterized by mutual interactions and emotional bonds.