Although Several People May or May Not Have Input into a Given

question 21

Multiple Choice

Although several people may or may not have input into a given appraisal, it is essential that the primary evaluator of any employee be:

• A) A supervisor who at one time was proficient in the job the employee is performing.
• B) A group of peers within the same department.
• C) The employee's immediate supervisor.
• D) The middle-manager over the employee's supervisor..

---

Definitions:

Reconciliation Method

A process used in accounting to ensure that two sets of records (usually the balances of two accounts) are in agreement.

Absorption Costing

A calculation method for product pricing that includes all components of manufacturing costs—direct materials, direct labor, both variable and fixed overheads— into the product's overall cost.

Net Operating Income

The profit generated from a business's operations after subtracting operating expenses but before deducting interest and taxes.

Variable Costing

A pricing approach that incorporates only variable manufacturing expenses into the cost of products, while considering fixed overhead costs as expenses for the period.