Examlex
At the end of an accounting period all revenue and expense accounts are closed to a temporary account called ______________.
Performance Expectations
The standards or objectives set by an organization or manager to define what is considered successful performance for employees in their roles.
Management by Objectives (MBO)
A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.
Absolute Standard
A fixed criterion of performance against which actual outcomes or performances are measured, without adjustments for external factors.
Input-Based Format
A system or method that focuses on the resources or efforts put into a task or project, rather than the outcomes or results.
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