Performance Measures Are Done to

question 130

Multiple Choice

Performance measures are done to

• A) measure the time the company takes to acculturate new employees.
• B) determine if the strategy and its implementation are proceeding successfully.
• C) assess assumptions about how the strategic lists affect the business.
• D) prove that strategic forecasts are precise.
• E) eliminate uncertainty about environmental variables.

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Definitions:

Goods And Services

The products (goods) and activities (services) offered in the market for purchase, representing the output of an economy’s production.

Operating Costs

Operating costs are expenses associated with the day-to-day functions of a business, including costs for goods, services, rent, and salaries.

Fixed Costs

Expenses that do not change with the level of goods or services produced by a business.

Construction

The process or activity of building structures such as houses, roads, and buildings.