Which of the Following Is NOT Considered One of the Responsibilities

question 23

Multiple Choice

Which of the following is NOT considered one of the responsibilities of the organization in the performance appraisal process?

• A) To develop the general performance appraisal process
• B) To determine the timing of the performance appraisals
• C) To make clear and specific performance standards available to managers
• D) To have the ratee express a clear, unbiased view of his or her performance
• E) To communicate performance standards to employees

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Definitions:

Bargain Purchase Option

An option in a lease agreement that allows the lessee to purchase the leased asset at the end of the lease term at a price significantly lower than the expected fair market value.

Lease Term

The fixed, non-cancellable period of time for which a lease is agreed upon between the lessee and the lessor.

GAAP

Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting.

Capital Lease

A long-term lease agreement that designates the lessee (the person who rents the asset) as having the financial responsibilities and benefits of ownership.