The effective evaluation of managers' performance depends on both human factors and company policies. Using variances from standard costs in a manager's performance report adds accuracy to the evaluation process. What actions should be taken to ensure effectiveness and fairness when setting up a performance evaluation process?
A company's management should establish policies and procedures for (1 ) preparing operational plans, (2 ) assigning responsibility for performance, (3 ) communicating operational plans to key personnel, (4 ) evaluating each area of responsibility, (5 ) identifying the causes of significant variances, and (6 ) taking corrective action to eliminate problems.
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The effective interest method amortizes premium or discount in a manner that produces a(n) ______________rate of interest from period to period
Fill in the blank(s) with correct word
Crowley Corporation purchased a building on January 2 by signing a long-term $600,000 mortgage with monthly payments of $5,500 . The mortgage carries an interest rate of 10 percent. The entry to record the mortgage will include a
a. debit to the Mortgage Payable account for $600,000. b. credit to the Cash account for $600,000. c. debit to the Cash account for $600,000. d. credit to the Mortgage Payable account for $600,000.
Why was slavery allowed by the Constitution?
a. The Constitution sought to end slavery through omission. b. The Constitution did not deal with what the creators considered “economic matters.” c. Slavery was universally considered acceptable at the time. d. It was allowed in order to obtain ratification from southern states.
In the marketing communication process, competing advertising messages create noise
Indicate whether the statement is true or false