The Performance Prism

question 24

Multiple Choice

The Performance Prism

• A)recognises that stakeholders make contributions to the organisation.
• B)derives performance measures from strategy.
• C)focuses on maximising shareholder wealth.
• D)is designed to focus on social objectives.

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Definitions:

Tax Burden

The total amount of taxes paid by an individual or business, expressed as a percentage of income.

Piece Rate Plan

A compensation model where workers are paid a fixed sum for each unit of production completed, rather than an hourly wage.

Teamwork

The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.

Static Tasks

Work or duties that are consistent and unchanging over time, often repetitive in nature.