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:

Year-end Adjustment

Accounting entries made at the end of an accounting period to record revenues and expenses in the correct period, also known as adjusting entries.

Income Statement

Rephrase: A financial statement that shows a company's revenue and expenses over a specific period, highlighting its performance in terms of profit or loss.

Contractual Interest Rate

Rate used to determine the amount of cash interest the borrower pays and the investor receives.

Market Interest Rate

The rate investors demand for loaning funds to the corporation.