Asked by Araceli Zambrano on Jun 16, 2024

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Performance measurement systems are used to assess how well a company is performing toward meeting its own goals and objectives.

Performance Measurement Systems

Tools and methodologies used to assess and monitor the performance of individuals, teams, and organizations against set goals and objectives.

Company's Goals

The objectives set by the management or stakeholders of a company outlining the intended direction and desired outcomes over a certain period.

  • Understand the application of performance measurement systems in evaluating the performance of a company relative to its objectives.
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MS
Mangal SinghJun 18, 2024
Final Answer :
True
Explanation :
Performance measurement systems are designed to evaluate the efficiency and effectiveness of a company's operations by comparing actual outcomes against predetermined goals and objectives.