The Government Performance and Results Act of 1993 Requires Federal

question 18

Multiple Choice

The Government Performance and Results Act of 1993 requires federal agencies to do which of the following?

• A) Develop strategic plans and operational objectives.
• B) Develop measures of performance.
• C) Report on the extent to which they have met their objectives.
• D) All of the above.

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Definitions:

Purchase Cost

The total expense incurred to acquire an asset, including the purchase price and associated costs.

360-Day Year

A financial convention or simplification to treat all months as 30 days in duration for the ease of interest calculations and financial analysis.

Commission

A fee or percentage of a sale paid to an employee or agent for facilitating or completing a sale.

Semiannually

Happening semiannually; every six months.