The More Specific a Performance Standard Is, the Organization Can

question 25

Multiple Choice

The more specific a performance standard is, the organization can expect all of the following EXCEPT:

• A) a performance standard which is clear to the employee.
• B) managers to be more consistent in how they evaluate employees
• C) a larger variety of job tasks are able to be evaluated.
• D) a global assessment of an employee's performance.
• E) employees to better understand how each part of their job is to be performed.

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Definitions:

Fair-Value Method

Fair-Value Method is an accounting approach where assets and liabilities are recorded at their current market value, reflecting potential changes over time.

Goodwill

Goodwill is an intangible asset that arises when a company acquires another company for a price higher than the fair value of its net identifiable assets and liabilities at the acquisition date.

Book Value

The net value of a company's assets found on its balance sheet, calculated as total assets minus intangible assets and liabilities.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net assets, reflecting the value of the business's brand, customer relationships, and other unquantifiable assets.