Explain the performance formula and how to use it.
What will be an ideal response?
The performance formula proposes that performance is based on ability, motivation, and resources. For maximum performance, all three factors must be high. When performance is not optimum, managers need to determine which factor of the performance formula is weak and take appropriate action to correct the problem.
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It is not necessary to provide an area on the performance report for a manager's reasons for variances
Indicate whether the statement is true or false
Interests in oil, gas, and mineral rights are classified as ________
A) statutorily defined securities B) implicit securities C) investment contracts D) common securities
Opportunity costs include those cash inflows that could be generated from assets the firm already owns if those assets are not used for the project being evaluated.
Answer the following statement true (T) or false (F)
The part of a patent application that identifies the features that are protected is known as the
a. particular. b. claim. c. identification. d. essence.