Measuring Business Success and KPIs

Measuring Business Success and KPIs

12th Grade

20 Qs

quiz-placeholder

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Measuring Business Success and KPIs

Measuring Business Success and KPIs

Assessment

Quiz

Construction

12th Grade

Practice Problem

Hard

Created by

Emmanuel Onimowo

Used 1+ times

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20 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a key performance indicator (KPI) used to measure the resources allocated for training in a business?

Output KPI

Input KPI

Process KPI

Benchmark KPI

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is an example of a process KPI?

Gross profit margin

Return on investment

Production time

Purchases made

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What does an output KPI typically measure in a business context?

Resources used

Efficiency of processes

Financial performance

Client expectations

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which KPI would be most appropriate for assessing the average daily rate of production?

Input KPI

Process KPI

Output KPI

Benchmark KPI

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the purpose of setting a performance standard in a business?

To increase the number of purchases

To define the service level agreement

To measure return on investment

To establish a target for success

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a characteristic of benchmarking in business?

Setting input KPIs

Meeting or exceeding client expectations

Calculating net profit margin

Allocating resources for training

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the role of a service level agreement (SLA) in target setting?

To measure efficiency

To define client expectations

To calculate operating margin

To allocate funding for training

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