Which of the following is true of performance appraisal?
A. Performance management is a part of performance appraisal.
B. Performance appraisal is the process of determining how well employees do their jobs relative to a standard and communicating that information to them.
C. Performance appraisal provides a link between employee performance and power distance.
D. Performance appraisal refers to the entire series of activities designed to ensure that the organization gets the performance it needs from its employees.
Answer: B
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A company provided $12,000 of consulting services and was immediately paid in cash by the customer. Identify the journal entry below that properly records this transaction.
A.
| Accounts Receivable | 12,000 | |
| Cash | 12,000 |
B.
| Accounts Payable | 12,000 | |
| Consulting Services Revenue | 12,000 |
C.
| Consulting Services Revenue | 12,000 | |
| Cash | 12,000 |
D.
| Cash | 12,000 | |
| Consulting Services Revenue | 12,000 |
E.
| Accounts Receivable | 12,000 | |
| Consulting Services Revenue | 12,000 |
As a sender of a message, it is important to consider the age and economic level of the receiver of the message
Indicate whether the statement is true or false
Steve Jobs revolutionized computing by the development of a ______ ________ interface that allows people to navigate around using intuition and common sense.
Fill in the blank(s) with the appropriate word(s).
Which of the following statements is true about break-even analysis?
A. It considers the effect of price on the quantity that consumers will want. B. It reveals the price that will earn the highest profit. C. It assumes that the demand curve is perfectly horizontal at the selling price. D. It helps to compute the break-even point in units alone. E. It cannot be used for comparing several different alternatives (for example, assuming different prices).