COST ACCOUNTING
PERFORMANCE MEASUREMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Performance measurement is done by comparing the realization with performance targets. Performance measurement is also done by means of ____
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Comparing the percentage of performance achievements with several previous years.
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compare the percentage of performance achievements of similar activities.
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Comparing performance achievements based on activity effectiveness and efficiency.
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Comparing the performance achievements of the previous leadership.
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Explanation:
Detailed explanation-1: -Graphic rating scales, management by objectives and forced ranking are three methods used to measure employee performance.
Detailed explanation-2: -Financial, Customer, Internal Business Process, and Learning and Growth.
Detailed explanation-3: -Performance outcome measures is a management tool used to clarify goals, document the contribution toward achieving those goals, and document the benefits of the program and the services to clients.
Detailed explanation-4: -There are five specific types of measures that have been identified, defined and will be applied throughout Iowa state government: input, output, efficiency, quality and outcome.
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