One of the Objectives of a Performance Management System Is

question 44

True/False

One of the objectives of a performance management system is to include measures of employee satisfaction,motivation,and customer service.

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Definitions:

Present Value

The value today of an anticipated sum of money or sequence of cash flows, when calculated with a certain return rate.

Future Cash Inflows

Future cash inflows are the expected receipts of cash that a business anticipates receiving from operations, investments, or financing activities in the future.

Manufacturing Flexibility

The ability of a production system to quickly adapt to changes in the types and quantities of products demanded.

Qualitative Characteristic

Attributes that contribute to the usefulness of information presented in financial statements, including relevance and reliability.