Appraisal Systems Must Be Based on Performance Criteria That Are

question 38

Multiple Choice

Appraisal systems must be based on performance criteria that are ________ for the position being rated and ________ in that their application must produce consistent ratings for the same performance.

• A) reliable; valid
• B) reliable; reliable
• C) valid; measurable
• D) measurable; valid
• E) valid; reliable

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Definitions:

Budgeted Production Units

The number of units a company plans to produce over a specific period as estimated during the budgeting process.

Sales

Sales refer to the transactions in which goods or services are transferred from the seller to the buyer for money or value, representing the primary source of revenue for most businesses.

Cash Disbursements

The actual outflow of cash for expenses, such as paying salaries, suppliers, and other operating expenses.

Inventory Purchases

The total cost incurred by a business to buy goods for resale or raw materials to produce finished goods.