There are four main kinds of performance standard. Determine which is being described: a measure of whether the operation is getting better or worse over time is a:
A) Historical standard
B) Target performance standard
C) Competitor performance standard
D) Absolute performance standard

Question

Quizplus · Accepted Answer

A historical standard compares current performance to past performance to determine if the operation is improving or declining over time. Target performance standard sets a goal for acceptable performance in the future, competitor performance standard compares performance to other businesses in the same industry, and absolute performance standard sets a fixed benchmark for performance regardless of external factors.

There Are Four Main Kinds of Performance Standard