Final answer:
The financial performance measure at the organizational level that reflects the company's financial health is revenue and profit. Average cost, average variable cost, variable costs, and marginal cost are the costs measured on a per-unit basis, whereas production technology refers to how firms use various inputs to produce goods and services.
Step-by-step explanation:
To understand the financial performance measure at the organizational level, we need to consider the options given: cost of quality, revenue and profit, budget variance, and labor and material costs. Among these, revenue and profit directly reflect the financial health and performance of an organization because they indicate how much money the company is generating and retaining after all expenses are paid. These measures are crucial for stakeholders to assess the business's success.
Now, when we look into the costs that are measured on a per-unit basis, the relevant costs include average cost, average variable cost, variable costs, and marginal cost. Fixed costs, however, are not measured on a per-unit basis as they do not change with the level of output.
Production technology refers to the combination of techniques, skills, methods, and processes used by firms to produce goods and services. This encompasses all the factors of production and how they are organized to create the final product.
Understanding the distribution of costs and the technology used in production can help firms optimize their performance, through strategies like achieving economies of scale to reduce the average cost of production as output levels increase, or avoiding diseconomies of scale where the average cost increases with output.