If Making an Administrative Decision Rather Than a Developmental Decision

question 32

Multiple Choice

If making an administrative decision rather than a developmental decision, __________ are the most appropriate performance appraisal measurement methods.

• A)critical incident files and MBOs
• B)rankings and MBOs
• C)rankings scales and BARS
• D)rankings and rankings scales

Analyze and prepare partial balance sheets focusing on accounts receivable and the related allowance accounts.

Identify and apply the correct journal entries for estimating bad debts, writing off accounts, and adjusting the allowance for doubtful accounts.

Comprehend the impact of uncollectible accounts on net income and assets.

Develop skills in performing aging analysis for accounts receivable to estimate future uncollectibles.

---

Definitions:

Total Cost

Total cost refers to the aggregate sum of all costs, both fixed and variable, incurred by a business in producing goods or services.

Fixed Cost

Fixed cost is an expense that does not change with the level of production or sales, such as salaries, rent, and insurance.

Variable Cost

Costs that change directly with the level of production or service output.

Total Cost

The aggregate expenditure incurred by a business to produce, buy, or sell goods and services, including fixed and variable costs.