The Reliability of an Effective Performance Appraisal System Comes From

question 109

Multiple Choice

The reliability of an effective performance appraisal system comes from:

• A)insuring the appropriate dimensions of performance are appraised
• B)insuring that the dimensions of performance that are measured are constructed in a valid way
• C)insuring that evaluations from multiple sources and at different times are captured over the course of the evaluation period
• D)insuring that when evaluations are conducted employees clearly understand what dimensions are being evaluated

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Definitions:

Equivalent Units

A concept used in cost accounting to convert partially completed goods into a number of fully completed units for inventory valuation.

Process Costing System

A financial recording method for allocating expenses to identical items that are manufactured in bulk through an uninterrupted process.

Weighted-Average Method

A costing method that assigns the average cost of goods available for sale to both ending inventory and cost of goods sold, weighting by the number of units.

Direct Labor Cost

The total cost of all labor directly involved in the production of goods or services, which can be easily traced to the product.