The Two Key Processes in Performance Management Are

question 41

Multiple Choice

The two key processes in performance management are:

• A)Performance assessment and performance adjustments.
• B)Performance improvement and performance adjustments.
• C)Performance assessment and performance improvement.
• D)Performance monitoring and performance improvement.

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Definitions:

Net Cash Flow

Net cash flow is the difference between a company's cash inflows and outflows over a specific period, providing insight into the company's liquidity and financial health.

Credit Sales

Sales for which payment is not received at the time of purchase but is instead deferred to a later date, often involving the use of credit terms.

Accounts Payable Period

The average amount of time it takes for a business to pay its invoices from suppliers and vendors, typically measured in days.

Cash Expenses

Outflows of cash within a certain period for operational activities, excluding non-cash expenses like depreciation.