Job Performance

Allowed Time
The total time in which a job should be completed at standard performance, inclusive of allowances for fatigue, rest, personal needs, and contingencies, commonly referred to as Standard Time.
Aptitude
Aptitude refers to the intellectual ability of an individual to learn material sufficiently, enabling them to perform business tasks required on the job efficiently. It delves into a person's natural talent and tendency for specific areas, often reflected in distinctive professional fields.
Intangible Reward
An intangible reward is a nonmonetary incentive given for performance, which does not necessarily require formal recognition from others. It serves as motivation and appreciation, often in a subtly communicated way.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.