The Use of Quantitative Tools to Gauge an Organization's Performance

question 15

Multiple Choice

The use of quantitative tools to gauge an organization's performance in relation to a specific goal or an expected outcome is known as

• A) responsibility accounting.
• B) an asset turnover.
• C) a performance management and evaluation system.
• D) a performance measurement.

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Definitions:

Product Flow

The movement of goods from the place of production to the point of sale and finally to the end-consumer, encompassing the entire supply chain process.

Information Flow

Information flow refers to the way information moves through an organization or system, facilitating decision-making and coordination.

Taxes and Tariffs

Mandatory financial charges imposed by a government on products, incomes, or activities, and tariffs specifically refer to taxes on imports or exports between sovereign states.

NPV

Net Present Value, a financial metric used to assess the profitability of an investment or project by discounting future cash flows to their present value.