Performance Appraisals Provide Information That Is Critical to Human Resources

question 13

Multiple Choice

Performance appraisals provide information that is critical to human resources planning. Having a sense of the current skills of the workforce is crucial for:

• A) compensation administration.
• B) job analysis.
• C) being prepared for future needs.
• D) structuring educational programs for staff.

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Definitions:

Entity Approach

A method in accounting that treats a business as separate from its owners or stakeholders for reporting and evaluation purposes.

Consolidated Balance

A financial statement that presents the total assets, liabilities, and equity of a parent company and its subsidiaries as if they are a single entity.

Retained Earnings

Profits generated by a company that are not distributed to shareholders as dividends, but are kept for reinvestment in the business or to pay off debt.

Useful Life

The estimated period over which a fixed asset is expected to be useful to the owning entity, beyond which it is considered to be no longer efficient for use.