Asked by Madeleine Grace on Jul 03, 2024
Verified
In utilizing a historical approach for comparing desired and actual performance, a manager will use past performance as a benchmark.
Historical Approach
The method of studying phenomena by examining their development and evolution over time, often using historical records and trends.
Past Performance
Historical results achieved by an individual or organization, used as a benchmark for evaluating current capabilities.
Benchmark
is a standard or point of reference against which things may be compared or assessed.
- Identify the different methods (historical, relative, engineering) to compare expected and real performance.
Verified Answer
Learning Objectives
- Identify the different methods (historical, relative, engineering) to compare expected and real performance.
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