All the Following Are Methods of Comparison Used in Performance

question 13

Multiple Choice

All the following are methods of comparison used in performance measurement. Which are inadequate as modern measures?
i. Standard costs
ii. Past periods
iii. Budget targets
iv. Benchmarks

• A) i, ii and iv
• B) ii, iii and iv
• C) i, iii and iv
• D) i, ii and iii

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Definitions:

Strict Criteria

Rigorous and precise standards or conditions that must be met or followed in the execution of a task or study.

Accurate Inferences

The process of drawing reliable conclusions from data and evidence with a high degree of precision.

Null Hypothesis

A statistical hypothesis that assumes no significant difference or effect exists between specific populations, or parameters, in the context of hypothesis testing.

Relationship

The way in which two or more concepts, objects, or people are connected, or the state of being connected.