A(n) ________ is the level of expected performance for a given goal: a target that establishes a desired performance level, motivates performance, and serves as a benchmark against which actual performance is assessed.
A) liability
B) balance sheet
C) standard
D) asset
E) audit

Question

Quizplus · Accepted Answer

A standard is a level of expected performance for a given goal. It is a target that establishes a desired performance level, motivates performance, and serves as a benchmark against which actual performance is assessed. Liabilities, balance sheets, assets, and audits are not directly related to establishing a target performance level.

A(n) ________ Is the Level of Expected Performance for a Given