The use of quantitative tools to gauge an organization's performance in relation to a specific goal or an expected outcome is known as
A)responsibility accounting.
B)an asset turnover.
C)a performance center.
D)a performance measurement.

Question

Quizplus · Accepted Answer

The use of quantitative tools to measure an organization's performance in relation to a specific goal or expected outcome is referred to as performance measurement. It's accomplished by tracking key performance indicators (KPIs), a set of metrics that reflect an organization's progress in achieving its goals. KPIs are determined based on the organization's mission, strategic priorities, and operational goals, and they provide data-driven insights into an organization's performance.

The Use of Quantitative Tools to Gauge an Organization's Performance