The use of quantitative tools to gauge an organization\'s performance in relatio

Question

The use of quantitative tools to gauge an organization's performance in relation to a specific goal or an expected outcome is known as a. responsibility accounting. b. an asset turnover. c. a performance management and evaluation system. d. a performance measurement. The use of quantitative tools to gauge an organization's performance in relation to a specific goal or an expected outcome is known as a. responsibility accounting. b. an asset turnover. c. a performance management and evaluation system. d. a performance measurement.

Explanation / Answer

Answer is C. Performance management and evaluation system.

Explanation:

The Performance evaluation system is a process whereby each manager is given a specific goal and then the actual performance is then compared to the goals set to find out the deviations and then take corrective action wherever required.

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