3. Goals must be measurable. Firms must be able to assign a numerical value to achievement of...

Question:

3. Goals must be measurable. Firms must be able to assign a numerical value to achievement of milestones in order to assess whether they are being reached.

For example, profitability can be evaluated by such measures as return on equity or return on assets. Patient satisfaction can be measured by such indicators as minutes of waiting time or overall scores from patients who felt their physician listened fully to their problems.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: