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Asked by Kaitlyn Foley on Jul 19, 2024

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There are two ways of measuring contribution: financial measures and measures of managerial perceptions of effectiveness.

Measuring Contribution

The process of assessing the value or impact of an individual’s or group’s work towards achieving organizational objectives.

Financial Measures

Quantitative indicators used to assess the financial health, performance, and stability of a business, such as profit margin, return on assets, or debt-to-equity ratio.

Managerial Perceptions

The interpretations or views of managers regarding various aspects of their organization, its environment, or specific situations they face.

  • Attain insights into a range of Human Resources measurement and benchmarking methods and their effects on management practices.
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Verified Answer

ZZ
Zhanghao ZhangJul 19, 2024
Final Answer :
True
Explanation :
Financial measures include measures such as return on investment, while measures of managerial perceptions of effectiveness may involve surveys or feedback from employees and stakeholders. Both are valid ways to measure contribution, but they approach it from different angles.

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