Recall the Last Time You Were Evaluated on the Job

question 116

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Recall the last time you were evaluated on the job by your manager. Describe how you felt at the end of the session. What factors accounted for your feelings? See if some of the factors discussed in this section apply in your particular situation.

Recognize the importance of setting and communicating performance standards and expectations.

Understand the impact of labeling and how it affects employee motivation and productivity.

Identify appropriate supervisory actions based on the underlying reasons for performance issues.

Understand the relationship between performance appraisals and employee training and development.

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Definitions:

Raw Materials Inventory

The total cost of all components and materials stored that are intended to be used in production.

Accounts Payable

Accounts payable represents the company's obligation to pay off a short-term debt to its creditors or suppliers.

Conversion

The process of changing an asset or security into another form, such as converting preferred stock into common stock or converting currencies.

Weighted-Average Method

An inventory costing approach that calculates the cost of goods sold and ending inventory based on the average cost of all items.