Which of the following statements is true about measuring performance?
A) Usefulness of the information always justifies the cost of measurement.
B) Measurements of performance need not always be related to organizational goals.
C) Ease of measurement determines what is going to be measured.
D) Relevant indicators of progress toward goals justify the costs of measurement.

Question

Quizplus · Accepted Answer

Relevant indicators of progress toward goals justify the costs of measurement. This statement recognizes that measuring performance can be costly, but it is necessary to determine how well an organization is progressing toward its goals. Therefore, measuring performance should focus on relevant indicators that provide valuable information about progress toward achieving organizational goals.

Which of the Following Statements Is True About Measuring Performance