Asked by Samantha Alvarez on May 22, 2024
Verified
Performance measurement systems use measures of current performance to assess how well a company is performing toward meeting its goals and objectives.
Performance Measurement Systems
Tools and systems used to monitor and assess the performance of an organization against its objectives, often encompassing multiple performance indicators.
Current Performance
An assessment of the present operational, financial, or market status of an entity, often used to gauge its short-term success or effectiveness.
- Acquire knowledge of the role of performance measurement systems in determining the success of a company based on its aims and objectives.
Verified Answer
AH
AngelRose HarveyMay 27, 2024
Final Answer :
True
Explanation :
Performance measurement systems are designed to evaluate the efficiency and effectiveness of a company's operations by comparing current performance data against targeted goals and objectives, helping to determine how well the company is achieving its strategic aims.
Learning Objectives
- Acquire knowledge of the role of performance measurement systems in determining the success of a company based on its aims and objectives.
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