A performance management and evaluation system is a set of procedures that account for and report on
A) qualitative performance.
B) standard performance.
C) employee performance.
D) financial and nonfinancial performance.
D
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The three major types of business activities are operating, financing, and investing.
Answer the following statement true (T) or false (F)
Which sentence de-emphasizes the nonessential sentence information?
A) Professor Jenkins--who recently returned from a sabbatical leave--finally published his novel. B) ?Professor Jenkins, who recently returned from a sabbatical leave, finally published his novel. C) Professor Jenkins (who recently returned from a sabbatical leave) finally published his novel.
Which of the following is NOT true when explaining why productivity tends to be lower in the service sector than in the manufacturing sector?
A) Services are typically labor-intensive. B) Services are often difficult to evaluate for quality. C) Services are often an intellectual task performed by professionals. D) Services are difficult to automate. E) Service operations are typically capital intensive.
Which of the following items appears at the top of an income statement when determining the net income of a firm?
A. Earnings before tax B. Operating costs C. Net sales D. Gross profit E. Retained earnings