Subjective Performance Measures Are Called "Subjective" Because

question 200

Multiple Choice

Subjective performance measures are called "subjective" because

• A)all performance measures are subjective.
• B)they are a product of the perceptions of an observer.
• C)it is impossible to measure performance objectively.
• D)bosses and employees frequently disagree on the ratings.
• E)they focus attention directly on the interview subject.

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Definitions:

Ending inventory value

The final value of all unsold goods at the end of an accounting period.

FIFO

First-In, First-Out, an inventory valuation method where goods produced or acquired first are sold, used, or disposed of first.

Merchandise inventory

The goods and products that a retailer, wholesaler, or distributor has in stock and available for sale to customers.

Ending cost

This is likely intended to refer to the ending inventory cost, which is the value of goods available for sale at the end of an accounting period.