List and describe five distinguishing features of key performance indicators
What will be an ideal response?
• Strategy. KPIs embody a strategic objective.
• Targets. KPIs measure performance against specific targets. Targets are defined in strategy, planning, or budgeting sessions and can take different forms (e.g., achievement targets, reduction targets, absolute targets).
• Ranges. Targets have performance ranges (e.g., above, on, or below target).
• Encodings. Ranges are encoded in software, enabling the visual display of performance (e.g., green, yellow, red). Encodings can be based on percentages or more complex rules.
• Time frames. Targets are assigned time frames by which they must be accomplished. A time frame is often divided into smaller intervals to provide performance mileposts.
• Benchmarks. Targets are measured against a baseline or benchmark. The previous year's results often serve as a benchmark, but arbitrary numbers or external benchmarks may also be used.
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Is there evidence that the Federal Reserve has built itself into an inefficient bureaucracy?
What will be an ideal response?
MVB Inc.obtains a return of 9.8% from assets worth $248.5 million. Calculate its net profit
A) $105.9 million B) $36.8 million C) $24.3 million D) $76.2 million E) $60.4 million
______ is a compensation structure that rewards employees for the acquisition of new skills that lead to enhanced work performance.
What will be an ideal response?
Which of the following would be added to the balance per books on a bank reconciliation?
A) Notes collected by the bank B) Deposits in transit C) Service charges D) Outstanding checks