An Advantage of the Critical Incident Method Is That

question 38

Multiple Choice

An advantage of the critical incident method is that

• A)it provides instant feedback to employees on critical issues.
• B)it focuses on the whole job and how every task is performed.
• C)results are easily linked to pay increase decisions.
• D)the process is transparent for both managers and their employees as the criteria are agreed to in advance.
• E)it provides hard facts for explaining the appraisal.

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Definitions:

Chart Of Accounts

A list of all the accounts used by a business, organized by their unique account numbers, used for organizing financial transactions and preparing financial statements.

Recording Transactions

The act of documenting financial activities in the accounting records of a company.

Financial Statement

A formal record of the financial activities and position of a business, individual, or other entity, typically including balance sheets, income statements, and statements of cash flows.

Accounting Year

A specific period of 12 months over which a company's financial and tax records are calculated, not necessarily aligning with the calendar year.