All the Following Are Methods of Comparison Used in Performance

question 36

Multiple Choice

All the following are methods of comparison used in performance measurement.Which are inadequate as contemporary 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

Comprehend the concept of reservation price and its significance in pricing strategies.

Analyze the implications of perfect price discrimination on social welfare.

Assess how firms utilize market segmentation and pricing strategies to maximize profits.

Understand different search methods and their applicability to legal research.

---

Definitions:

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees.

MOOCs

Massive Open Online Courses, which are free online courses available for anyone to enroll and provide a way to learn new skills or enhance knowledge.

Democratizing

The process of making something accessible to all people, often used in the context of technology or information, making it available and understandable to the general public.

Videoconferencing

A technology that allows users in different locations to hold face-to-face meetings without having to move to a single location physically.