Answer the following statements true (T) or false (F)

1. Computer-assisted instruction is an example of on-the-job training. 
2. When doing a performance appraisal the manager will provide the subordinate with feedback.
3. Performance management is a method used to improve profitability through a rapid downsizing. 
4. A company that evaluates its truckers based on miles of freight hauled is using objective appraisals. 


1. FALSE
Lots of off-the-job training consists of computer-assisted instruction (CAI), in which computers are used to provide additional help or to reduce instructional time.
2. TRUE
Performance appraisal consists of (1) assessing an employee's performance and (2) providing him or her with feedback.
3. FALSE
Performance management is the continuous cycle of improving job performance through goal setting, feedback and coaching, and rewards and positive reinforcement.
4. TRUE
Objective appraisals, also called results appraisals, are based on facts and are often numerical. In these kinds of appraisals, you would keep track of such matters as the numbers of products the employee sold in a month, customer complaints filed against an employee, miles of freight hauled, and the like.

Business

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    A company that was to be liquidated had the following liabilities:   Income Taxes$10,000 Notes Payable secured by land 100,000 Accounts Payable 44,000 Salaries Payable ($16,000 for Employee #1 and $4,000 for Employee #2) 20,000 Administrative expenses for liquidation 20,000     The company had the following assets: Book ValueFair ValueCurrent Assets$100,00095,000Land 50,00075,000Building 150,000200,000?Total unsecured non-priority liabilities are calculated to be what amount?

A. $  44,000. B. $220,000. C. $  72,150. D. $  74,000. E. $  47,150.

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When preparing discretionary reports, organizations can choose what information to report and how to present it

Indicate whether the statement is true or false

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List the four steps, in the order of occurrence, that are used in preparing a production cost report.

What will be an ideal response?

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Benson and Orton are partners who share income in the ratio of 2:3 and have capital balances of $50,000 and $30,000 respectively. Ramsey is admitted to the partnership and is given a 40% interest by investing $20,000. What is Benson's capital balance after admitting Ramsey?

A) $20,000 B) $25,000 C) $42,000 D) $18,000

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