________ Is a Performance Appraisal Approach in Which a Group

question 79

Multiple Choice

________ is a performance appraisal approach in which a group of individuals who interact with the employee on a frequent basis participate in both the goal-setting process and the performance appraisal process.

• A)Customer evaluation
• B)Coworker assessment
• C)360-degree feedback
• D)Peer review

---

Definitions:

Prime Cost

The sum of direct materials and direct labor costs in the production of goods, excluding overhead expenses.

Inventoriable Cost

Direct costs associated with the production of goods, including materials and labor, that are capitalized as inventory on the balance sheet until sold.

Period Cost

Expenses that are not directly tied to the production process and are charged to the accounting period in which they occur, like selling and administrative expenses.

Controllable Costs

Expenses that can be directly managed or influenced by a specific manager or management level within an organization.