N2DTL5-4
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It is important to measure of individuals and against objectives at regular so that appropriate and improvements can be made.
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It is important to measure performance of and individuals. It enables all to see how well the organisation is against the agreed goals and and allows changes and to be made to as appropriate. The managers are for reporting on progress to internal .
What does ‘KPI’ stand for?
Key Progress Indicators
Key Performance Information
Key Progress Information
Key Performance Indicators
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Economic value
Accounting
Operational
How much time and money is spent on activities?
How much is someone willing to pay?
Has the company been successful in achieving goals?
Business performance can be measured by collecting and evaluating data. Which two of the below does this include?
Customer contact details
Customer satisfaction
Staff holiday tracker
List of suppliers
Financial results
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