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Why Is It Important to Capture Past Performance in Setting

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Why is it important to capture past performance in setting goals and objectives? Many stakeholders like investors,owners,customers,and regulators have an interest in how the firm has lived up to its obligations.The best systems track the past,present,and future.Medium;Knowledge


Definitions:

Self-Judgments

Evaluations or assessments that individuals make about themselves, their abilities, and their qualities.

Extraversion

A personality trait marked by sociability, liveliness, and an energetic approach towards the external world.

Accurate Judgment

The ability to make predictions or assessments that are close to the actual facts or outcomes, often discussed in the context of social and personality psychology.

Tantrum

An emotional outburst, usually associated with children, that is typically characterized by stubbornness, crying, screaming, defiance, or anger.

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