Which Common Source of Information for Measuring Performance Is Obtrusive

question 114

Multiple Choice

Which common source of information for measuring performance is obtrusive, time consuming, and most subject to personal biases?

• A) personal observation
• B) statistical reports
• C) financial reports
• D) written reports
• E) oral reports

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Definitions:

Variable Costs

Costs that change in proportion to the goods or services that a business produces, such as materials and labor.

Total Cost

The costs, both explicit and implicit, of all the resources used by the firm. Total cost includes a normal rate of return for the firm’s equity capital.

Profitable

A financial status indicating that revenues exceed the costs and expenses associated with operating a business.