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Answer :
Final answer:
Key Performance Indicators (KPIs) are quantifiable values that validate how effectively an organization is accomplishing significant business objectives.
Explanation:
The quantifiable values that validate how effectively an organization is accomplishing significant business objectives are called Key Performance Indicators (KPIs). KPIs are measurable metrics that help businesses track their progress and determine if they are meeting their goals. These indicators can vary depending on the specific objectives of the organization, but they commonly include metrics such as revenue growth, customer satisfaction, employee productivity,
When there is inflation, it creates a static, or "noise," in the price system, which reduces the efficiency of the market system by blurring price signals. Prices in a market economy serve as essential messengers, conveying critical information about the conditions of demand and supply. However, when inflation occurs, it means that these price signals are perceived more vaguely, much like trying to listen to a radio program with a lot of static. If the interference becomes too severe, it can become difficult to discern what the economic signals actually mean.
Furthermore, high and variable inflation means that incentives for the economy to adjust in response to changes in prices are weakened. As a result, markets may adjust to their equilibrium prices and quantities more erratically and slowly. The consequence of this is a higher likelihood of surpluses and shortages in various markets, complicating decision-making for consumers, businesses, and investors alike.
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