Performance analysis:
A) is based on qualitative factors, as contrasted with sales and cost analysis which are based on quantitative data.
B) is most useful in situations where the iceberg principal is not likely to be a concern.
C) indicates why problems have occurred and how to solve them.
D) may be based on several different performance indexes.
E) All of these are true.

Question

Quizplus · Accepted Answer

Performance analysis may be based on several different performance indexes, such as productivity, efficiency, quality, customer satisfaction, and employee morale. It provides quantitative data on the performance of the organization, department, or individual, which can be used to identify areas of strengths and weaknesses, set goals and targets, evaluate progress, and make decisions. Performance analysis can also be used to compare the performance of different units or organizations, benchmark against industry standards or best practices, and track trends over time. It is a valuable tool for performance management, continuous improvement, and strategic planning.

Performance Analysis