_______________ is(are) a prior period used to set the benchmark for measuring productivity changes.

Question

Quizplus · Accepted Answer

A base period is used as the prior period to set the benchmark for measuring productivity changes. This period is typically chosen as a reference point or starting point for measuring productivity changes over time. Financial and operational productivity measures are different types of productivity measurements that could be used in conjunction with the base period, but they do not necessarily replace it. The target period is a future period that may be used as a goal or objective for productivity improvement, but it is not a prior period that is used to set the benchmark.

_______________ Is(are) a Prior Period Used to Set the Benchmark