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CONTROLLING — OCM STD 12 Commerce — Question

Gujarat BoardEnglish MediumSTD 12 CommerceOCMCONTROLLING3 Marks
Question
What is a measurement of performance?
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Answer

Measuring performance:
  • After gathering information about the performance of business performance, the set parameters are measured.
  • The objective of measuring is to obtain data from the various processes of the organization so that it can be later compared with the set standards.
  • Measurement can be either qualitative or quantitative or both.

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