To Evaluate and Reward Employees Effectively for the Achievement of Standards

question 37

Multiple Choice

To evaluate and reward employees effectively for the achievement of standards, managers need clear standards that:

• A) allow the organization to learn and grow.
• B) provide monetary compensation to employees that effectively meet them.
• C) reflect activities that contribute to the organization's overall strategy in a significant way.
• D) measure individual productivity so weak performers can be phased out.
• E) all of these.

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Definitions:

Cheques

A written, dated, and signed instrument that directs a bank to pay a specific sum of money to the bearer or a named party.

Deposit

Money placed into a financial institution for safekeeping or into an account to fulfill a financial requirement.

Balance

The amount of money held in a financial account at any moment, reflecting all transactions.

Account

A record summarizing all the transactions pertaining to a single item in the accounting equation.