Which of the Following Is True of Performance Standards

question 62

Multiple Choice

Which of the following is true of performance standards?

• A) The establishment of performance standards is the end result of any planning process.
• B) Performance standards define expected behaviors for organizational members.
• C) Performance standards allow for the assessment of programs.
• D) all of the above

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Definitions:

Purchase Price

The amount paid or agreed to be paid by the buyer for goods or services or to acquire an asset.

Economic Performance

An evaluation of how effectively a country, sector, or organization is using its resources to achieve its objectives and generate wealth.

Economic Conditions

The state of the economy at a given time, including factors like inflation, unemployment rates, and GDP growth.

Accounting

The systematic process of recording, measuring, and communicating information about financial transactions.