In Developing a New Performance Appraisal System, Organization C Made

question 77

Multiple Choice

In developing a new performance appraisal system, Organization C made an appraisal plan, decided who would be doing the appraising and how it would be done, and even included appraisal training. Which one of the following is an important step that Organization C missed?

• A) clearly communicating in advance the company's plans for employees who do not meet standards.
• B) gaining support from top management, which should occur near the beginning of the process
• C) informing employees how the process would go to alleviate anxiety
• D) examining the performance standards through job analysis

Recognize the conditions under which a contract is formed, including the offer, acceptance, and consideration aspects.

Identify the consequences of breaching a contract and the remedies available.

Comprehend the role and application of specific contract law statutes, such as the Uniform Computer Information Transactions Act.

Analyze the legal implications of different methods of acceptance and the impact of technology on contract formation.

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Definitions:

Direct Labor-Hours

The sum of the hours spent by workers directly manufacturing a product.

Variable Overhead

Indirect production costs that fluctuate with the level of output, such as utilities or materials used in the manufacturing process.

Efficiency Variance

A measure used in cost accounting to evaluate the efficiency of resource usage, calculated as the difference between actual usage and the standard or expected usage.

Materials Price Variance

The variance between the standard cost and the actual expense of materials, calculated by multiplying the amount bought.