A Key Performance Indicator (KPI)is A

question 29

Multiple Choice

A key performance indicator (KPI) is a:

• A) performance measure of profitability.
• B) performance measure used only by manufacturing entities.
• C) performance measure that is critical for the success of an entity.
• D) measure of management performance.

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Definitions:

Proper Training

Systematic instruction and education designed to equip individuals with the knowledge and skills necessary for their roles.

Economic Gain

The increase in financial value or wealth, often resulting from business activities, investments, or measures of economic performance.

Management Thought

The theories and principles that guide the practices and decisions of managers in planning, organizing, leading, and controlling an organization.

Rational Consideration

The process of making decisions based on logical inference, facts, and analysis rather than emotions or intuition.