The Ultimate Foundation of Organizational Performance Is __________

question 175

Multiple Choice

The ultimate foundation of organizational performance is __________.

• A)The availability and amount of financial capital.
• B)The production of quality goods or the provision of quality services.
• C)What people know,what people learn,and what people do with what they know and learn.
• D)Generating a good return on capital investments.
• E)Encouraging teamwork and employee involvement

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Definitions:

Responsibility Report

Financial reports that track the performance of segments, departments, or managers within an organization against their budgeted or forecasted figures.

Controllable Fixed Costs

Expenses that remain constant for a given period but can be influenced or managed by decisions of a company's management.

Management Performance Report

Management performance reports are documents or systems that provide key performance indicators and other relevant data to assess, monitor, and enhance the effectiveness and efficiency of management and organizational operations.

Controllable Fixed Costs

Fixed costs that a manager or business has the power to influence or change in the short term.