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:

Net Sales

The total revenue from sales minus returns, allowances for damaged or missing goods, and discounts.

Moving-Average Method

The Moving-Average Method is an inventory costing method that averages the costs of inventory over time to determine the value of sold and remaining stock.

Perpetual Inventory System

An inventory control method that records the sale or purchase of inventory in real-time through the use of computerized systems.

Work In Process

A classification of inventory for items that are in the process of being produced but are not yet completed.