Using Past Performance Appraisals as Documentation of the Need for Disciplinary

question 74

True/False

Using past performance appraisals as documentation of the need for disciplinary action often backfires because many supervisors are reluctant to give negative evaluations.

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Definitions:

Income Statement

A financial statement that shows a company's revenues, expenses, and profit over a specific period of time.

Vertical Analysis

A method of financial statement analysis in which each entry for each of the three major categories of accounts (asset, liabilities, and equity) in a balance sheet is represented as a proportion of the total account.

Operating Income

Earnings before interest and taxes (EBIT), representing the profits from a company's regular business operations excluding deductions of interest and taxes.

Revenue

The total amount of money received by a company for goods sold or services provided during a certain period.