Evaluating Employees Is Important Because

question 24

Multiple Choice

Evaluating employees is important because:

• A) it provides an assessment of human assets in the firm.
• B) it identifies the gap between current and future skill needs.
• C) it identifies poor performers and potential leaders.
• D) it targets required T&D efforts.
• E) all of the above

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Definitions:

Revenue Recognition

A principle guiding how and when revenue is recognized in the accounting records, generally when earned and realizable.

Economic Substance

The underlying economic or commercial purpose of a transaction, which must exist for it to be recognized for tax or accounting purposes.

Legal Form

Refers to the legal structure or type of business entity, such as corporation, partnership, sole proprietorship, etc., which determines legal liabilities and taxation methods.

Revenue

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