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:

Equivalent Unit

A term used in cost accounting to represent a unit of production in partially completed goods adjusted for the degree of completion.

Process Costing

An accounting method used when producing homogeneous products, calculating costs at each stage of production.

First-In, First-Out

An accounting method where the earliest stock added to inventory is recorded as sold first.

Equivalent Unit

An equivalent unit is a measure used in cost accounting to express the amount of materials or labor necessary to complete a partially finished product, relative to a finished product unit.