What Is Wrong with Doing Performance Evaluations Once a Year

question 90

Multiple Choice

What is wrong with doing performance evaluations once a year?

• A)it is too easy for managers to forget aspects of past performance
• B)the evaluations are too focused on outcomes and not enough on process
• C)there is less incentive to address issues that have already been resolved
• D)there is too much information to have to review,discuss and absorb

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Definitions:

Direct Labor

The wages and other costs for labor that are directly involved in the manufacturing of a product or the provision of a service.

Raw Material

The basic material from which a product is made, typically processed and used in the manufacturing process.

Materials Price Variance

The difference between the actual cost of raw materials and the expected (standard) cost, used in budgeting and financial analysis to gauge purchasing efficiency.

Direct Materials

Raw materials that are directly used in the manufacturing of a product and are easily traceable to the final product.