The Two Primary Purposes of Performance Appraisals Are

question 80

Multiple Choice

The two primary purposes of performance appraisals are

• A)informative and developmental.
• B)managerial and administrative.
• C)managerial and informative.
• D)administrative and developmental.

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Definitions:

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, typically including the balance sheet, income statement, and cash flow statement.

Common Size Statement

Financial statements that present all line items as a percentage of a common base figure, facilitating comparison across different periods or companies.

Liquidity Ratios

Financial metrics that measure a company's ability to pay off its short-term obligations with its liquid assets.

Return on Assets

Return on Assets (ROA) is a profitability ratio that measures the efficiency of a company in generating profit from its assets.