Managers should not consider the standards when measuring the actual performance of employees. ...

Managers should not consider the standards when measuring the actual performance of employees.
 
  Indicate whether the statement is true or false.

Question 2

Raw, unanalyzed facts are called ________.
 
  A) data
  B) information
  C) database
  D) factoids

Question 3

Which of the following is a performance measurement tool that looks at four areas that contribute to a company's performance?
 
  A) market value method
  B) economic value method
  C) balanced scorecard approach
  D) information control approach

Question 4

Every March, Bill, who owns and operates a small retail shop, takes a large box of receipts and invoices to his accountant so the accountant can file Bill's taxes in April. Only then does Bill know if his business has been profitable.
 
  Bill could benefit from a(n) ________.
  A) concurrent control system
  B) balanced scorecard system
  C) inventory control system
  D) management information system

Question 5

The ________ approach to performance measurement was introduced as a way to evaluate organizational performance from more than just the financial perspective.
 
  A) market value
  B) balance sheet
  C) balanced scorecard
  D) income statement

Question 6

Elaine wants to analyze her company's ability to meet its current debt obligations. Which of the following ratios is most helpful to Ruth in analyzing this?
 
  A) inventory turnover ratio
  B) return on investment ratio
  C) current ratio
  D) total asset turnover ratio

Question 7

When data is analyzed and processed, it becomes ________.
 
  A) a system
  B) information
  C) fact
  D) a structure