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 management and evaluation system.
D) a performance measurement.

Question

Quizplus · Accepted Answer

The use of quantitative tools to gauge an organization's performance in relation to a specific goal or an expected outcome is known as performance measurement. Option A, responsibility accounting, is a process of assigning responsibility for costs and revenues to individuals within an organization. Option B, asset turnover, is a financial ratio used to measure how efficiently a company is using its assets to generate revenue. Option C, a performance management and evaluation system, is a broader term that includes various processes and tools used to manage and evaluate employee performance.

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