CSFs and KPIs Are Two Core Metrics Used to Evaluate

question 39

Multiple Choice

CSFs and KPIs are two core metrics used to evaluate results and measure the progress of a project for a business. Which of the below represents the acronyms for CSF and KPI?

• A) Continual success factors and key performance indicators
• B) Critical success factors and key project ideas
• C) Customer success findings and key project ideas
• D) Critical success factors and key performance indicators

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Definitions:

Over-Optimism

A bias in judgment or planning that causes people to overestimate the likelihood of positive outcomes.

Reasoning Errors

Mistakes in logic or judgement that can lead to incorrect conclusions or decisions.

Financial Decisions

involve the process of making choices regarding investments, budgeting, savings, and spending, affecting an individual's or entity's financial health.

Myopic Loss Aversion

The behavioral finance theory suggesting that investors are more sensitive to losses than to gains, influencing shorter-term investment decisions adversely.