Performance standards can be measured through financial statements, sales reports, production results, customer satisfaction, and formal performance appraisals.

Question

Quizplus · Accepted Answer

Performance standards can indeed be measured through various means including financial statements (which show the financial performance of a company), sales reports (which indicate the volume and value of sales achieved), production results (which reflect the efficiency and quantity of production), customer satisfaction (which measures how well the products or services meet or exceed customer expectations), and formal performance appraisals (which evaluate an employee's job performance and productivity). These metrics provide a comprehensive view of both organizational and individual performance.

Performance Standards Can Be Measured Through Financial Statements, Sales Reports