I just read the examiner report for March 2016 exam and he mentioned that Q1, III) was very poorly answered because candidates talked about the suitability of the performance indicators instead of the “reliability” of it. When talking about reliability, what should one discuss? The reliability of obtaining data used for the indicator?
1 Collection of data/measurement: how reliable and accuratel 2 Calculations performed on it: are they appropriate and correctly carried out? 3 Judgements made (eg how to judge sales performance if there has been a massive economic downturn?)