The strategic relevance of performance appraisals refers to the extent to which
A. standards relate to the overall objectives of the organization.
B. standards capture the entire range of an employee's responsibilities.
C. individuals tend to maintain a certain level of performance over time.
D. factors outside the employee's control can influence performance.
Answer: A
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The number of equivalent units for direct materials cost using the FIFO costing procedure is the units in beginning work in process inventory minus units started during the period plus units completed during the period
Indicate whether the statement is true or false
Pandora Company determined that it has an obligation relating to employees' rights to receive compensation for future absences attributable to employees services already rendered. The obligation relates to rights that vest, and payment of the compensation is probable. The amounts of Pandora's obligations as of December 31 are reasonably estimated as follows: Vacation pay
......................................... $110,000 Sick pay ............................................. 80,000 In its December 31 balance sheet, what amount should Pandora report as its liability for compensated absences? a. $190,000 b. $110,000 c. $80,000 d. $0
A company's flexible budget for 12,000 units of production showed sales, $48,000; variable costs, $18,000; and fixed costs, $16,000. The contribution margin expected if the company produces and sells 16,000 units is:
A. $40,000. B. $64,000. C. $48,000. D. $24,000. E. $18,000.
How does the level of aggregation differ between financial accounting information and managerial accounting information?
What will be an ideal response?