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What Is the Difference Between Performance Measures and Performance Referents

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What is the difference between performance measures and performance referents?


Definitions:

Net Carrying Value

The current book value of an asset or company after subtracting total liabilities from total assets.

Bonus Compensation Plan

A reward system for employees based on performance, often seen as a way to incentivize exceeding targets or goals.

Income Taxes

Taxes imposed by a government on the income generated by individuals or entities, which can vary based on the income level and type.

Income Before Tax

The total earnings of a company before taxes have been deducted.

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