Financial results control systems have three core elements Explain more for the below core elements -
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Financial results control systems have three core elements
Explain more for the below core elements
- Financial responsibility centers
• The apportioning of accountability for financial
results within the organization.
- Formal management processes
(planning & budgeting)
• To define performance expectations and
standards for evaluating performance.
- Motivational contracts
• To define the links between results and various
organizational incentives.
Related Book For
Introduction To Health Care Management
ISBN: 9781284081015
3rd Edition
Authors: Sharon B. Buchbinder, Nancy H. Shanks
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