The First Step in Performance Analysis Is to Appraise the Employee's

question 46

Multiple Choice

The first step in performance analysis is to appraise the employee's performance since, to improve it, the firm must first determine the person's current performance compared to

• A)what it should be.
• B)co-workers' performance.
• C)what it really is.
• D)work group performance.
• E)managerial performance.

---

Definitions:

Parent and Subsidiary

A parent and subsidiary relationship exists when one company, the parent, owns more than half of another company, the subsidiary, granting control and often integrating operations or management.

Consolidated Financial Statements

Consolidated financial statements aggregate the financial information of a parent company and its subsidiaries, presenting it as if the group were a single entity.

Controlling Influence

The power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.

Interest Revenue

Income earned from lending money or investing in interest-bearing financial instruments.