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What Are the Six Basic Elements of a Performance Management

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What are the six basic elements of a performance management program?


Definitions:

Real Terms

Economic metrics or data adjusted for inflation, providing a more accurate comparison over time.

Sharply

A term used to describe a quick and significant change in metrics, such as prices, rates, or quantities.

Tradeable

An asset or item that can be bought, sold, or exchanged in a marketplace.

Governments

Organizational structures with the authority to govern a community, state, or nation, implementing laws, and managing public resources and services.

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