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In LPC theory, what factor is presumed to have the second biggest effect on the favorableness of a situation?
Objective Measures
Quantitative assessments based on observable facts and data, used in evaluating performance or outcomes.
GAAP
Generally Accepted Accounting Principles are a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.
Managerial Accounting Reports
Financial documents specifically prepared for a company's management to assist in strategic decision-making and operational planning.
According to GAAP
As per Generally Accepted Accounting Principles, which are a set of accounting standards and procedures used in the United States.
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