Metrics Are Data (Numbers)that Reflect Some Detail About Given Organizational

question 27

Multiple Choice

Metrics are data (numbers) that reflect some detail about given organizational outcomes while analytics are:

• A)used to calculate costs and benefits analyses
• B)used to predict the future strategy of an organization
• C)strategies for combining metrics and examining changes in metrics
• D)efforts to align real-time analysis of organizational and HR processes

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Definitions:

Economics Exam

A formal assessment that evaluates an individual's understanding and knowledge on the subject of economics, covering topics such as market structures, economic principles, and fiscal policies.

Maximize Profits

The process by which a firm determines the price and output level that returns the greatest profit.

Maximize Utility

The process of making choices to achieve the highest total level of satisfaction or benefit from consumed goods or services.

Rational

The characteristic of an individual or decision that is based on logic and aimed at achieving maximum utility.