When Carol Walked Out of Her Annual Performance Review, She

question 43

Multiple Choice

When Carol walked out of her annual performance review, she felt good. She felt that the meeting was fair and constructive, and that the manager who did the review was sincere. There is no financial component to Carol's performance review, it is just an open discussion. This form of review can be described as

• A)peer-based.
• B)360.
• C)modular.
• D)effective.
• E)a waste of time.

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Definitions:

Cost Driver Rate

A measure used in cost accounting to assign the costs of an activity to products or services, based on the extent of the activity they require.

Cost Analysis

The review and evaluation of the costs associated with a project, process, or activity, aimed at identifying opportunities for cost reduction and efficiency improvement.

Cost Reduction Target

A goal set by a company to decrease expenses in order to improve profitability.

Cost Elements

The various types of expenses that contribute to the total cost of a product or service, including materials, labor, and overhead.