How to Measure Performance in Business: Tools & Examples


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question 1 of 3

Why would a company want to measure its performance?

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1. Which of the following tools were discussed in this lesson?

2. Which is NOT true about budgets?

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About This Quiz & Worksheet

Taking a look at what should be done before a becomes irrelevant, this quiz and corresponding worksheet will help you gauge your knowledge of the tools measuring business performance. Topics you'll need to know to pass the quiz include understanding why a company would want to measure its performance as well as knowing all the tools to measure performance.

Quiz & Worksheet Goals

Use this printable worksheet and quiz to review:

  • Need for performance measurement
  • Tools to measure performance
  • Characteristics of budgets
  • Features of metrics
  • Functions of surveys

Skills Practiced

This worksheet and quiz will let you practice the following skills:

  • Interpreting information - verify you can read information regarding the characteristics of budgets and interpret it correctly
  • Knowledge application - use your knowledge to answer questions about the features of metrics
  • Reading comprehension - ensure that you draw the most important information from the related tools for measuring business performance lesson

Additional Learning

To learn more about the preventative measures to keep a company afloat, review the corresponding lesson How to Measure Performance in Business: Tools & Examples. This lesson will help you:

  • Understand the importance of measuring business performance
  • Identify the three main ways to measure the performance of a company
  • Show how budgets can be used in a business
  • Appreciate what metrics can do for an organization
  • Describe who can be given surveys and what they can show