Even Employees Who Work on a Busy Production Floor Need

question 292

True/False

Even employees who work on a busy production floor need performance appraisals. If the manager cannot conduct a closed-door appraisal session, the supervisor should conduct these wherever he/she can find room.

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Definitions:

DSO

Stands for Days Sales Outstanding, a measure of the average number of days that a company takes to collect payment after a sale has been made.

Lockbox Plan

A banking service provided to companies for the receipt of payment from customers, utilizing a special address where payments are collected and processed quickly.

Net Operating Working Capital

A measure of a company's liquidity and refers to the difference between operating current assets and operating current liabilities.

Marketable Securities

Financial instruments that can be easily sold or converted into cash at a price close to their intrinsic value within a short period.