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Performance Management Tools Need Not Be Valid and Reliable,so Long

question 5

True/False

Performance management tools need not be valid and reliable,so long as they are highly acceptable by management and employees.


Definitions:

Planning Budget

A budget prepared for a specific level of activity, used as a tool for decision making and financial planning.

Customers Served

The total number of clients or customers who have been provided with a service or product during a specified period.

Revenue Formulas

Equations or models used to calculate the total amount of income generated from business activities during a specific period.

Shipping Container

A large, standardized, durable container used for transporting goods by sea, rail, or road.

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