Anecdotal Notes

question 22

Multiple Choice

Anecdotal notes:

• A)Should be completed only when there are performance concerns.
• B)Can be used to support and justify fairness in termination discussions.
• C)Are unnecessary if the evaluation instrument is thorough.
• D)Need to be completed at the end of a performance period.

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Definitions:

Weighted-Average Method

A costing method that assigns costs to inventory based on the average cost of all similar items in the inventory.

Process Costing

An accounting method used to calculate the cost of a process or stage of production by dividing the total costs by the number of units produced, typically used in industries where identical products are produced.

First Processing Department

The initial stage or department in a manufacturing process where raw materials are first transformed or processed.

Units Started And Completed

Refers to the number of units of a product that begin and finish the manufacturing process within a specific time period.