__________ Are the Most Essential Things That Must Go Right

question 25

Multiple Choice

__________ are the most essential things that must go right, or be closely tracked, to ensure the organization's survival and success.

• A) Key performance indicators KPIs)
• B) Critical success factors CSFs)
• C) Scorecards
• D) Financials

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Definitions:

Economic Man

A theoretical concept in economics that depicts an individual as a rational and self-interested agent, making decisions to maximize their utility.

Frederick W. Taylor

An American engineer and management consultant who is known as the father of scientific management, focusing on efficiency and labor productivity.

Piece Rates

A payment method in which a worker is paid a fixed rate for each unit produced or action performed, regardless of time.

Unity of Direction

A management principle suggesting that all parts of an organization should be aligned and moving towards common objectives.