Refer to Speed Auto Sports. If Herbert describes the performance of employees in narrative form in response to predetermined questions, he is relying on which performance appraisal technique?
a. Checklists
b. Graphic rating scales
c. Ranking/comparisons
d. Goal setting
e. Written essays
E
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Which statement refers to true evaluation research?
A. Supports positions already held B. Demonstrates new professional skills C. Uses systematic and controlled methods D. Undertaken to impress clients or management E. Gathers supportive data to justify what was done
Un Taco Pequeno (Scenario)Imagine that you are the president of Taco Rocket, a new and successful chain of 100 Mexican fast-food restaurants in the U.S. The success you have experienced in the last five years has you thinking of what to do with the business next. Should you expand the business at the current rate or open new and different restaurants? Noting the growing popularity of South-East Asian food, you decide to open a new outlet called Rice Rocket. Which of the following, if true, could prove to be a threat to this plan?
A. You don't have the necessary expertise; you will have to recruit chefs and staff familiar with Asian food preparation. B. A competitor, Pan Asia, has a similar product lineup and first mover advantage in the market. C. Rice Rocket will necessitate a complete overhaul of your existing supply process. D. A survey indicates that the Taco Rocket brand name evokes trust and consumer loyalty.
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20?
A. Debit Cash $2,300; credit Paid-in Capital, Treasury Stock $300; credit Treasury Stock $2,000. B. Debit Common Stock $2,300; credit Treasury Stock $2,000; credit Paid-In Capital, Treasury Stock $300. C. Debit Common Stock $2,300; credit Cash $2,300. D. Debit Common Stock $20; debit Treasury Stock $2,290; credit Cash $2,300. E. Debit Cash $2,300; credit Treasury Stock $2,300.
The budgeting technique that helps managers assess the company's future and know if they are reaching their performance goals is called life-cycle budgeting.
Answer the following statement true (T) or false (F)