In the Management by Objectives and Self-Control Philosophy (Drucker), Performance

question 82

Short Answer

In the management by objectives and self-control philosophy (Drucker), performance information went directly to each ______________ not to the ______________.

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Definitions:

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, showing how much profit a company makes on sales.

Net Income

The sum a company holds as profit once it has subtracted expenses and taxes from its aggregate revenue.

Net Sales

The amount of sales revenue left after deducting sales returns, allowances, and discounts.

Cash Basis

An accounting method where revenues and expenses are recorded only when cash is received or paid, respectively.