Valley, Inc

question 127

Multiple Choice

Valley, Inc., is a retail store operating in a state with a 5% retail sales tax. The state law provides that the retail sales tax collected during the month must be remitted to the state during the following month. If the amount collected is remitted to the state on or before the twentieth of the following month, the retailer may keep 3% of the sales tax collected. On April 10, 2014, Valley remitted $135,800 tax to the state tax division for March 2014 retail sales. What was Valley's March 2012 retail sales subject to sales tax?

• A) $2,716,000.
• B) $2,660,000.
• C) $2,800,000.
• D) $2,741,667.

Understand key principles and benefits of effective performance management.

Identify the purposes of performance feedback and its impact on leadership and employee development.

Recognize various methods for measuring performance and their applications.

Analyze the criteria for determining the effectiveness of performance measures, including validity, reliability, and specificity.

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Definitions:

Work Simulation

A method used in job training or assessment that replicates the actual tasks and conditions of a specific job role to provide realistic practice or evaluate skills.

Selection Process Strategies

Approaches and methodologies used by organizations to identify, evaluate, and hire the best candidates for job positions.

Predictor Scores

Numerical or categorial scores used to forecast future performance or outcomes based on data analysis or statistical methods.

Written Tests

Assessment tools consisting of questions or tasks on paper or a digital platform, designed to evaluate knowledge or skills.