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:

Debt-Equity Ratio

A ratio indicating a firm's financial leverage, determined by dividing its total debts by its shareholder equity.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its customers by dividing total net credit sales by the average accounts receivable.

Net Working Capital

This is a measure of a company's liquidity, calculated as the difference between its current assets and current liabilities.

Current Assets

Assets that are expected to be converted into cash, sold, or used up within one year or within the normal operating cycle of the business, whichever is longer.