What are the two purposes of performance appraisal?
What will be an ideal response?
Performance appraisal has two basic, equally important purposes:
• Administrative: It provides managers with the information they need to make salary, promotion, and dismissal decisions; helps employees understand and accept the basis of those decisions; and provides documentation that can justify those decisions in court.
• Developmental: The information gathered can be used to identify and plan the additional training, experience, or other improvement that employees require.
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Describe time inconsistency and explain how it can be avoided by a central bank setting monetary policy.
What will be an ideal response?
A(n) ________ is a document that describes the marketing environment, outlines the marketing objectives and strategies, and identifies how the company will implement the strategies
A) marketing plan B) communications plan C) business plan D) operational plan E) financial plan
Workers' compensation acts bar injured workers from suing responsible third parties to recover damages
Indicate whether the statement is true or false
The accounting equation for Long Company shows an increase in its assets and an increase in its liabilities. Which of the following transactions could have caused that effect?
A. Advertising expense for the month was paid in cash. B. Cash was received as a stockholder investment. C. Equipment was purchased on credit. D. Supplies were purchased for cash. E. Cash was received from providing services to a customer.