Performance Evaluation
McGraw-Hill Science & Technology Dictionary:
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performance evaluation
(pər′för·məns i′val·yə′wā·shən)
(industrial engineering) The analysis in terms of initial objectives and estimates, and usually made on site, of accomplishments using an automatic data-processing system, to provide information on operating experience and to identify corrective actions required, if any.
Barron's Accounting Dictionary:
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Performance Evaluation
Cumulative consideration of factors (that may be subjective or objective) to determine a representative indicator or appraisal of an individual or entity's activity, or performance in reference to some subjective (or standard) over some period of time. Factors to consider may include degree of goal attainment, how items are measured, and what standards are to be applied.
See also cost center ; investment center ; profit center .
See also cost center ; investment center ; profit center .
| Performance Budget, Performance Audit, Perfect Market | |
| Performance Measurement, Performance Report, Period Cost |
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McGraw-Hill Science & Technology Dictionary
McGraw-Hill Dictionary of Scientific and Technical Terms. Copyright © 2003, 1994, 1989, 1984, 1978, 1976, 1974 by McGraw-Hill Companies, Inc. All rights reserved.
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