A Performance Rating of Less Than 1

question 84

True/False

A performance rating of less than 1.0 means that the observed worker was judged to be working at a faster than normal rate-doing the job more quickly than normal.

---

Definitions:

Operating Leases

Lease agreements for the use of equipment or property where the lessor retains ownership, typically for a term shorter than the asset's life.

Off-Balance Sheet Financing

Financial obligations not recorded on the company's balance sheet, often used to keep debt-to-equity ratios low.

Operating Lease

A lease agreement allowing the use of an asset without ownership, typically with shorter terms than a finance lease, and the lessor retains the risk of obsolescence.

Interest Expense

The cost incurred by an entity for borrowed funds, which can include loans, bonds, or lines of credit.