Question

Which of the following best describes the overall group of business statistics that, when collected and analyzed, can help a practice owner or manager determine the health of the business?

1) Profit statement
2) Accounts payable receipts
3) Key performance indicators
4) Accounts receivable report

Answer 1

Key performance indicators (KPIs) are the best choice to describe the overall group of business statistics that can help a practice owner or manager determine the health of the business.

Step-by-step explanation:

The best answer to describe the overall group of business statistics that can help a practice owner or manager determine the health of the business is key performance indicators. Key performance indicators (KPIs) are measurable values that indicate the performance and progress of a business towards its goals. They provide a way to track and analyze important areas of the business, such as sales, profits, customer satisfaction, and productivity.