In the Model of 3 Factors That Combine to Determine

question 32

Multiple Choice

In the model of 3 factors that combine to determine ethical choices, which factor involves company environments that foster unethical choices?

• A)Bad Apples
• B)Bad Results
• C)Bad Barrels
• D)Bad Cases

Familiarize with the challenges and advantages of different performance appraisal formats, including behaviorally anchored rating scales and management by objectives (MBO).

Understand the role of personal traits and results-based criteria in performance evaluations.

Recognize the potential rating errors and biases in performance appraisals and how to mitigate them.

Understand the legal and ethical considerations in performance appraisal systems.

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Definitions:

Flexible Budgets

Budgets that adjust or flex with changes in volume or activity levels.

Manufacturing Overhead Costs

Indirect costs related to manufacturing that are not directly attributable to a specific product, such as utilities and rent for the manufacturing facility.

Production Volume Variances

The difference between the budgeted and actual volume of production, impacting the allocation of fixed overhead costs.

Standard Costs

The predetermined, estimated costs of manufacturing a single unit or a number of products during a specific period for budgetary and inventory valuation purposes.