There are four main kinds of performance standard. Determine which is being described: a measure that relates an operation's performance to its competitive ability in the marketplace is a:
A) Historical standard
B) Target performance standard
C) Competitor performance standard
D) Absolute performance standard

Question

Quizplus · Accepted Answer

The description describes a Competitor performance standard, which measures an operation's performance in comparison to its competitors in the market. Historical standard measures past performance, target performance standard sets goals for future performance, and absolute performance standard measures performance based on a fixed standard or industry benchmark.

There Are Four Main Kinds of Performance Standard