5.5-5.8_Understanding Key Performance Indicators

5.5-5.8_Understanding Key Performance Indicators

12th Grade

20 Qs

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5.5-5.8_Understanding Key Performance Indicators

5.5-5.8_Understanding Key Performance Indicators

Assessment

Quiz

Business

12th Grade

Practice Problem

Easy

Created by

Kemi Osoba

Used 1+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a primary reason for using Key Performance Indicators (KPIs) in an organisation?

To increase the number of employees

To measure progress towards strategic goals

To reduce the cost of products

To improve employee satisfaction

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a common method for measuring KPIs?

Guessing based on past performance

Using random sampling

Collecting and analysing data

Asking for customer feedback

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to compile KPI data accurately?

To ensure employees are happy

To make informed business decisions

To increase the number of meetings

To reduce the workload of managers

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why do organisations report on KPIs?

To comply with legal requirements

To communicate performance to stakeholders

To increase the number of employees

To reduce the cost of operations

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key benefit of measuring the achievement of KPIs?

It helps in identifying areas for improvement

It guarantees increased profits

It reduces the need for training

It ensures customer satisfaction

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT a reason for using KPIs?

To track progress

To set unrealistic goals

To motivate employees

To align with business strategy

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the first step in measuring KPIs?

Setting targets

Collecting data

Analysing results

Reporting findings

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