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Every Time One of His Workers Does Something Exceptional, Rob

question 12

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Every time one of his workers does something exceptional, Rob records it in his employee work file. However, when one of his employees does something below average, he records this as well. The information in this file provides a factual record for assessing performance whenever it is needed. This method is referred to as the:


Definitions:

Administrative Expenses

Costs related to the general operation of a business, such as salaries of executive officers, legal and accounting fees.

Tenant-days

A metric used to measure the total number of days all tenants occupy a rental property within a specified period.

Activity Variance

The difference between planned activity levels and actual activity levels, often used in budgeting and forecasting to analyze performance.

Budgeting

The process of creating a plan to spend your money, outlining expected revenues and expenses for a future period.

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