One approach that can be used to evaluate the performance of the organization is to
A) forecast future performance based on the current strategy
B) measure performance against the level of competition in the industry
C) compare the budget forecast to actual expenditures for the current period
D) measure performance against an external standard

Question

Quizplus · Accepted Answer

Measuring performance against an external standard allows the organization to benchmark its performance against industry standards or best practices. This approach can provide insight into areas where the organization is excelling and areas where it may need to improve. By using external standards, the organization can establish clear goals and objectives that are aligned with industry best practices. This approach can also help the organization identify areas where it may need to invest more resources to improve its performance relative to its peers.

One Approach That Can Be Used to Evaluate the Performance