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The criteria for effective goal setting include: being specific and measurable,covering key result areas,challenging yet realistic,have a defined time period,and are links to rewards.
Income Tax Rate
The percentage of income that is paid to the government as tax.
Gain on Sale
The profit realized from the sale of an asset when it is sold for more than its carrying amount on the company's books.
Operating Income
The profit realized from a business's core operations, calculated by subtracting operating expenses from gross income.
Extraordinary Gain
Unusual and infrequent gains that are outside the normal operations of a business, such as profits from selling a piece of land at a significantly higher price than its book value.
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