ECONOMICS

COST ACCOUNTING

PERFORMANCE MEASUREMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Measures that are not considered in measuring operational performance are . . . . . .
A
Quality
B
Speed
C
Cost
D
flexibility
E
Two
Explanation: 

Detailed explanation-1: -Operational metrics are indicators that measure a business’s performance. These numbers provide a snapshot of key processes like production or sales calls. Operational metrics tracking shows how well the company performs these processes. The data may measure efficiency, productivity or quality.

Detailed explanation-2: -There are link building service entanglement measures which are defined by certain task which should be achieved optimally by means of local operations and classical communication. They are therefore called operational measures.

Detailed explanation-3: -Operational efficiency can be measured by comparing the input-to-output ratio of company processes. Common mistake companies make when measuring efficiency is taking into account only the input – for example, costs and human hours required to produce a single unit.

Detailed explanation-4: -Operational Efficiency Ratio This can be quickly calculated by dividing operating expenses by the total review and then multiplying that sum by 100. For our operational efficiency example, the operational efficiency ratio would be 10 or 10 percent.

There is 1 question to complete.