Performance Management Systems Need to Not Only Measure Performance but Also

question 20

True/False

Performance management systems need to not only measure performance but also provide information on the source of any performance deficiencies.

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Definitions:

BAT Model

Behaviorally Adjusted Time (BAT) Model refers to a calculation method designed to account for the inefficiencies human behavior introduces into the financial markets.

Optimum Initial Cash Balance

The ideal amount of cash a company needs on hand to operate efficiently without incurring excess costs or missing out on opportunities.

Monthly Disburses

The process of distributing or paying out funds from a budget or account, typically occurring on a monthly basis.

Miller-Orr Model

A financial model used to manage cash flow and determine optimal cash reserves for a company.