In Order to Effectively Manage the Global Performance Appraisal Schemes

question 8

Essay

In order to effectively manage the global performance appraisal schemes, MNCs need to carefully consider both the upstream and downstream imperatives. Please list and explain the three key issues from both the upstream and downstream side that MNCs need to take into consideration.

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Definitions:

Standard Cost

A predetermined cost of manufacturing a single unit or a specified quantity of a particular product or service, used as a benchmark to measure performance.

Direct Material

Raw materials that are directly attributable to the product being manufactured and can be easily traced in the manufacturing process.

Output

In economic and production contexts, this refers to the total amount of goods or services produced by a company or economy.

Actual Cost

The true expenditure incurred for manufacturing, operations, or project activities.