Wilson Consulting Is a Management Consulting Firm with Seventy Employees

question 56

Multiple Choice

Wilson Consulting is a management consulting firm with seventy employees.As associate vice president of marketing,Suzanne Boyle is responsible for conducting performance appraisals of the twelve employees under her direct supervision.Suzanne plans to use a graphic rating scale to evaluate the performance of her subordinates. Which of the following,if true,best supports the argument that a graphic rating scale is the most appropriate performance appraisal tool for Suzanne to use?

• A)Employees in Suzanne's department who are categorized in the bottom 10% of the firm's employees will be immediately dismissed.
• B)Suzanne wants to ensure that the firm is protected from employee discrimination lawsuits,so she has conducted a job analysis of each position.
• C)Suzanne wants a quantitative rating of each employee based on competencies important to the firm,such as problem-solving skills.
• D)Employees in Suzanne's department participated in developing their own performance standards when they were first hired by the firm.

Recognize the importance of the correlation between stocks in a portfolio and its effect on portfolio variance.

Identify and differentiate between systematic (market) risk and unsystematic (unique) risk and their implications for investment decisions.

Realize the implications of the slope of the security market line on market perceptions of risk and return.

Learn the process of computing expected returns based on different states of the economy and their probabilities.

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Definitions:

Credit Card Service Charge

Fees charged by credit card providers for processing transactions.

Allowance for Doubtful Accounts

An accounting method used to estimate the portion of a firm's receivables that it expects will not be collected.

Net Credit Sales

The total revenue from sales made on credit after deducting any returns or allowances, representing the true credit sales figure.

Percentage-of-Sales Basis

A method used in budgeting and planning where certain costs or expenses are based on a fixed percentage of sales.