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Clint, the owner of a moving company, has developed a performance appraisal system for his customer representatives and truck drivers. He evaluates each of these employees on his/her attitudes toward the company and customers, initiative in developing new business, and creativity in solving problems.Clint's performance appraisal system is _______________-based.
Services Performed
The provision of work or assistance by a business or individual to another party, often measured in terms of time or deliverables completed.
Revenue Recognition Principle
An accounting principle that dictates the specific conditions under which revenue is recognized or accounted for.
Recognized
Officially identified or acknowledged, typically referring to the formal acceptance of financial transactions within accounting records.
Statement
A record or document summarizing financial transactions over a specified time period.
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