business performance measures SBE

A business gathers information regarding the population size of a specific area. Which of the following best describes the information collected?

• Marketing data

• Market data

• Financial data

• Financial information

Which of the following is not a key aspect of evaluating business performance?

• Financial analysis

• Market analysis

• Risk management

• Customer satisfaction

• Employee morale

The primary goal of evaluating business performance is to:

• Identify areas for improvement

• Make informed decisions

• Ensure long-term sustainability

• All of the above

Financial analysis can be used to evaluate a company's:

• Liquidity

• Profitability

• Efficiency

• Solvency

• All of the above

Evaluating business performance is important for businesses because it:

• Provides insights into a company's strengths, weaknesses, opportunities, and threats

• Helps businesses make informed decisions and prioritize areas for improvement

• Enhances financial performance and profitability

• Enables efficient allocation of resources and strategic decision-making

• Helps attract investors and secure external funding

The Balanced Scorecard is a framework that measures a company's performance across various dimensions, including financial, customer, internal processes, and learning and growth.

• True

• False

Benchmarking compares a company's performance to that of its peers or industry standards.

• True

• False

Financial ratios provide insights into a company's:

• Liquidity

• Profitability

• Efficiency

• Solvency

• All of the above

Key Performance Indicators (KPIs) are used to:

• Measure and evaluate business performance

• Track a company's progress over time

• Identify areas for improvement

• All of the above

Market analysis can be used to help businesses:

• Assess their position in the market

• Identify their competitors

• Understand their customers

• All of the above