A Disparity Between Existing and Desired Performance Levels Is Known

question 142

Short Answer

A disparity between existing and desired performance levels is known as a(n) _____ .

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Definitions:

Beneficiary

A person or entity entitled to receive benefits or assets under a legal arrangement or instrument, such as a will, trust, or insurance policy.

Third-party Beneficiary

An individual or legal entity that gains a benefit from a contract despite not being one of the primary parties involved.

Creditor Beneficiary

A third party that benefits from a contract wherein the promisor agrees to pay the promisee's debt to the beneficiary.

Donee Beneficiary

A third party who stands to benefit from a contract, especially when the contract is intended as a gift to that third party.