In the graphic rating scale, the rater
A. compares every employee with every other employee in the work group, giving an employee a score of 1 every time he or she is considered the higher performer.
B. identifies and describes competencies that are common for an entire occupation, organization, or job family or for a specific job.
C. considers one employee at a time, circling the number that signifies how much of that trait the individual has.
D. defines the relevant performance dimensions and then develops statements representing good, average, and poor performances along each dimension.
E. defines performance dimensions by developing behavioral anchors associated with different levels of performance.
Answer: C
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At December 31, Yarrow Company reports the following results for its calendar year from the adjusted trial balance.Credit sales$2,300,000Cash sales1,050,000Accounts Receivable295,000Allowance for doubtful accounts (credit balance)750a. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 1.1% of credit sales.b. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be .8% of total sales.c. Prepare the adjusting entry to record Bad Debts Expense assuming uncollectibles are estimated to be 7.0% of year-end accounts receivable.
What will be an ideal response?
The Willsborough Growth Trust, an institutional investor, issues a fixed number of shares among investors. However, this is not how the trust makes its profit. For maximum returns, it uses the money received from selling its shares to investors and puts it in a portfolio of assets. This scenario is reflective of:
A. a closed-end fund. B. limited mobility. C. limited liability. D. a closed corporation.
Town Transport Company (TTC) agrees to pick up two containers for Unlimited Sales, Inc., and store their contents, to be delivered later. While TTC unloads one container, the other disappears from TTC's loading dock. TTC can avoid liability
A. by proof that TTC was not negligent. B. by proof that TTC's warehouse is located in a high-crime area. C. by proof that Unlimited Sales was negligent in hiring TTC. D. under any circumstances.
The Sarbanes-Oxley Act of 2002 strengthens accounting disclosure requirements and ethical guidelines for financial officers
Indicate whether the statement is true or false.