What Is True About the Practice of Evaluating All Employees

question 4

Multiple Choice

What is true about the practice of evaluating all employees during the same brief time period, as compared with timing appraisals to coincide with each employee's anniversary date?

• A) It is recommended as the preferred timing of appraisals by external regulatory agencies.
• B) It has been proven to consistently produce inadequate appraisals that lack depth of detail.
• C) It enhances the accuracy with which a known budgeted amount of merit increase money can be distributed.
• D) It is preferred by many evaluators because it involves considerably less work overall.

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Definitions:

Completed Contract

An accounting method that recognizes revenue and expenses only when a contract is completed, not progressively over the life of the project.

Installment Method

An accounting method that recognizes revenue and expenses only when payments are actually received or made, typically used in sales with extended payment plans.

Deferred Gross Profit

The portion of gross profit that is earned but not yet recognized, often in installment sales.

Current Liability

A company's debts or obligations that are due within one year, including accounts payable, short-term loans, and other short-term financial obligations.