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performance


 
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FRIDAY QUIZ CHALLENGE
Test your knowledge of this week's terms
Question:
While this does not immediately bring monetary gains for a company, it can provide positive benefits for its employees, customers and the community.
Choose the Right Answer:
 
TERM OF THE DAY

performance

The accomplishment of a given task measured against preset known standards of accuracy, completeness, cost, and speed. In a contract, performance isdeemed to be the fulfillment of an obligation, in a manner that releases the performer from all liabilities under the contract.
Learn more about this term
Usage Example
Annual or bi-annual reviews of performance can help employees confirm that they are on the right track for career development and are completing their work productively and efficiently.
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FEATURED ARTICLE

How Do You Buy a Business?

Starting a new business can be a long and drawn out affair for most people, with the fruits of your labor not paying off until the business becomes profitable...