Which of the Following Statements Is Correct

question 62

Multiple Choice

Which of the following statements is correct?

• A) Salaries to partners and interest on partners' capital are expenses of the partnership.
• B) Salaries to partners are expenses of the partnership but not interest on partners' capital.
• C) Interest on partners' capital is an expense of the partnership but not salaries to partners.
• D) Neither salaries to partners nor interest on partners' capital are expenses of the partnership.

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Definitions:

Norm-Referenced Appraisals

Employee evaluation method comparing an individual's performance against that of their peers, rather than on a set of absolute criteria.

Straight-Ranking

A method of performance evaluation where employees are compared to each other and ranked in a simple list format.

Forced Distribution

A performance management system where employee evaluations are distributed along a bell curve, forcing rankings among an employee population.

Performance Feedback

The process where an individual's work performance is assessed and communicated back to them, usually by a supervisor or peer, to improve and develop their professional capabilities.