The Main Purpose of Performance Appraisal Is to ________

question 2

Multiple Choice

The main purpose of performance appraisal is to ________.

• A)keep management up to date about the possibilities for filling a position from within
• B)refine work methods,reduce production costs,and increase the level of organizational diversity
• C)furnish feedback to organization members about how they can become more productive and useful to the organization in its quest for quality
• D)eliminate barriers and increase opportunities for the purpose of increasing the utilization of underutilized and/or disadvantaged individuals
• E)narrow a large field of prospective employees to a relatively small group of individuals from which someone eventually will be hired

Comprehend the role of market and competitive analysis in launching nonprofit business ventures.

Identify different forms of social enterprises and their characteristics.

Understand the legal and strategic considerations in forming corporate partnerships and sponsorships.

Articulate the importance of sensitivity analysis in assessing business viability.

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Definitions:

T-Account

A T-account is a graphic representation of a general ledger account, used for teaching, analysis, and visualization, showing debits on one side and credits on the other.

General Ledger

A comprehensive set of accounts that records all transactions of a business, including assets, liabilities, equity, revenue, and expenses.

Chart of Accounts

A systematic listing of all ledger account titles and numbers used by a company to classify financial transactions.

Ledger Accounts

Individual accounts within the ledger that record changes to specific financial statement items, summarizing transaction effects.