Understanding Key Performance Indicators
Quiz
•
English
•
9th Grade
•
Practice Problem
•
Hard
Lamkhongah Thangeo
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does KPI stand for?
Knowledge Performance Indicator
Key Project Indicator
Key Performance Indicator
Key Performance Index
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why are KPIs important for businesses?
KPIs are primarily used for employee evaluations.
KPIs have no impact on business growth.
KPIs are important for businesses because they measure performance, guide decision-making, and align strategies with objectives.
KPIs are only useful for large corporations.
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Name one example of a financial KPI.
Return on Investment
Current Ratio
Net Profit Margin
Debt to Equity Ratio
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a non-financial KPI?
A non-financial KPI is a financial report summary.
A non-financial KPI is a type of investment strategy.
A non-financial KPI is a performance metric that does not involve financial data.
A non-financial KPI is a metric that only measures profit.
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How can KPIs help in decision making?
KPIs are only useful for financial reporting.
KPIs eliminate the need for any strategic planning.
KPIs help in decision making by providing measurable insights that guide strategic adjustments and performance evaluations.
KPIs are solely focused on employee satisfaction.
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the difference between leading and lagging KPIs?
Leading KPIs are used only in marketing, while lagging KPIs are used in sales.
Leading KPIs measure current performance, while lagging KPIs measure future performance.
Leading KPIs are always financial metrics, while lagging KPIs are non-financial metrics.
Leading KPIs predict future performance, while lagging KPIs reflect past performance.
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How often should KPIs be reviewed?
Quarterly
Annually
Biannually
Monthly
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