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The managerial performance measure must be quantitative and the manner in which it is to be calculated should be specified. The managerial performance measure must ideally be linked to a benchmark comparing the company's performance with that of its peers. The managerial performance measure must not be open to manipulation by management.
Time horizon
The remuneration package must have a time horizon that is linked to that of shareholders. If shareholders wish long-term capital growth for example the remuneration package should discourage decisions whose objective is to maximise short-term profits at the expense of long term growth.
what does this term mean?
objective of working capital management and profitability
what are the advantage and disadvantage to mr fish, mr Lobster of forming a partnership rather than a close corporation or a company?
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Harry purchased equipment for his business and gave the seller cash and a note due in two years. Larry also purchased business equipment, but financed the transaction with a bank l
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You may just be wondering as to see that how we control activities by ratios. The answer is not tough to seek. Ratios we have known for control of activities measures relationships
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