PricelineCom Pioneered the ________ Model

question 38

Essay

Priceline.com pioneered the ________ model.In this model,a potential buyer specifies the price that he or she is willing to pay to any seller who will sell at that price.

Comprehend the criteria for reporting extraordinary items, discontinued operations, and special items according to GAAP and IFRS.

Understand the implications of accrual accounting on the measurement of earnings and its potential discrepancies with cash flows.

Differentiate between period costs, traceable costs, and costs expensed with the passage of time.

Gain insight into traditional financial reporting limitations, including the non-presentation of forecasted cash flow information.

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Definitions:

Management-by-objectives

A strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees.

Computer Monitoring

The practice of using software tools to track employees' computer usage and productivity at work.

Performance-appraisal Methods

Techniques used by organizations to assess employees' job performance, including methods like 360-degree feedback, self-assessment, and objective-based evaluations.

Graphic Rating Scales

A method of performance evaluation that uses a visual scale to measure an employee’s effectiveness, productivity, and work qualities.