The forced distribution method regarding performance appraisals consists of:
a. setting a schedule mandating when particular departments or divisions would be evaluated over an extended period of time
b. evaluating protected classes within departments separately so that consistency within these groups can be maintained
c. requiring that predetermined percentages of employees be placed into particular performance categories
d. banding of performance appraisal results to create equality and negate the effect of statistical inconsistencies in the evaluation itself which might have led to potential discrimination
C
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A comprehensive chart of accounts and a review of complex or unusual transactions by supervisory personnel are control procedures necessary for proper classification of accounts
a. True b. False Indicate whether the statement is true or false
Kyrgyzstan is a small, poor, mountainous country with a predominantly agricultural economy. Cotton, wool, and meat are the main agricultural products and exports. Fifty-one percent of the population lives in poverty
Kyrgyzstan is an example of a(n) ________. A) BRIC country B) subsistence economy C) industrializing country D) raw materials exporting economy E) post-industrial economy
If the amount of overhead over-applied or under-applied is material, it must be prorated among work in process, finished goods and cost of goods sold
Indicate whether the statement is true or false
Zebra, Inc. cost of goods sold for the year is $2,300,000, and the average merchandise inventory for the year is $139,000. Calculate the inventory turnover ratio of the company. (Round your answer to two decimal places.)
A) 6.04 times B) 16.55 times C) 8.27 times D) 93.96 times