Key Performance Indicator is the metrics at the onset of her strategy which will facilitate real-time measurement and evaluation.
Key Performance Indicator means quantitative and qualitative measure of performance over time for a specific objective.
- In other word, any measurable value which demonstrates the effectiveness of business in achieving its business objectives is known as Key Performance Indicator.
- Key Performance Indicator provide targets and milestones for teams to aim and gauge organization progress.
- Also, Performance Indicator gives insights and help makes better decision in an organization.
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Answer:
b. X1 + X2 ≤ X3 + X4
Explanation:
b. X1 + X2 ≤ X3 + X4
The situation tells us that the sum of both 1 and 2 must be equal to the sum of 3 and 4 which is true, because if both projects 1& 2 are selected then the both projects 3 & 4 must also be selected.
The rest of the choices are wrong because
a. X1 + X2 ≤ 2(X3 + X4)
The sum of projects 1& 2 is not less than 2 times sum of projects 3 & 4 .
c. X1 − X3 = X2 − X4
If we leave project 3 then project 4 cannot be left out.
d. X1 + X2 + X3 + X4 ≤ 2
any two projects out of the four cannot be chosen. 1 must be chosen from 1&2 and the other from 3 &4.
Answer: obtain verbal commitments, as people often feel obligated to follow through with promises they make with others.
Explanation:
A coalition involves two groups of people coming together to join resources and ideas to achieve a common goal.
A form of agreement should be done before undergoing a coalition: The agreement which could be verbal or written is done to give the parties to the coalition a form of commitment to it.
On-the-job training method would be most effective for training employees about ethical dilemmas and ethical decision making.
<h3>What is On-the-job training method?</h3>
On-the-job training is an important topic of human resource management. It helps develop the career of the individual and the prosperous growth of the organization. On-the-job training, also known as OJT, is a hands-on method of teaching the skills, knowledge, and competencies needed for employees to perform a specific job within the workplace. Employees learn in an environment where they will need to practice the knowledge and skills obtained during their training. Also learn about the suitability, merits and demerits of different on the job training methods. In the on-the-job training method, the employees are trained on-the-job at their workplace. This is a common method of training for employees performing operative functions.
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Answer: d. Entire initial investment will not be recovered.
Explanation:
The Payback period by definition is the amount of time it will take a Project to recover the initial investment into it. For example, if a project had an investment of $20 million and made $5 million every year, the Payback period would be 4 years.
Now, if the amount of time it will take to recover an investment is longer than the expected amount of time the project will run (expected useful life) then logically speaking that would mean that the Investment would not be entirely recovered because the project will be done before it can pay off the investment hence Option D is correct.
