Asked by Gilberto Camacho on Jul 23, 2024
Verified
Quantitative measures of managerial success, such as production targets or quotas, are highly foolproof and are thus ideal to use in increasing economic efficiency.
Quantitative Measures
Numeric indicators or metrics used to evaluate, compare, and track performance or outcomes.
Managerial Success
Achieving organizational goals effectively and efficiently through planning, organizing, leading, and controlling resources.
- Understand the functions of individuals and governments within various economic frameworks, including command and market economies.
Verified Answer
AG
Abhinav Gautam AdariJul 27, 2024
Final Answer :
False
Explanation :
Quantitative measures, while useful, do not capture all aspects of managerial success, such as quality, innovation, and employee satisfaction, and can lead to a narrow focus on numbers rather than overall effectiveness.
Learning Objectives
- Understand the functions of individuals and governments within various economic frameworks, including command and market economies.