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Keith has analysed the performance of his team members in the previous year and is allotting them grades to help in their promotions and appraisals.Keith is sure of his decisions and its possible outcomes as he has all the factual information.This type of situation that is ideal for decision-making is known as an) ________.
Average Month
A concept used to calculate the average results or performance over several months, smoothing out fluctuations.
Return on Investment
A financial metric measuring the profitability of an investment, calculated as net profit divided by the cost of the investment.
Responsibility Centers
Responsibility centers are parts of an organization treated as separate units for the purpose of assigning and evaluating financial performance.
Evaluating Performance
The process of assessing the effectiveness and efficiency of operations, employees, or processes.
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