Harry Is a Manager at Pine and Acorn Consultancy

question 41

Multiple Choice

Harry is a manager at Pine and Acorn Consultancy.During the annual performance appraisals,he compares the performances of his subordinates and places them at various performance levels,similar to a bell-shaped curve.His senior manager has approved a fixed amount for him to distribute as a performance-linked incentive to a certain percentage of his subordinates who have exceeded expectations.Which of the following performance appraisal approaches has Harry used as a prerequisite for this distribution?

• A) The critical-incident appraisal method
• B) The graphic rating scale method
• C) The forced distribution ranking method
• D) The checklist method
• E) The behaviorally anchored rating scale (BARS) method

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Definitions:

Perpetual Inventory System

An inventory management accounting method that instantly documents transactions of buying or selling inventory via computerized point-of-sale systems and enterprise asset management applications.

Merchandise Inventory

The total cost of all goods that are available for sale during a certain period, including purchases and adjustments for returns or damages.

Inventory On Hand

Refers to the total amount of items or products available in stock by a business at any given time.

Debit Memo

A document issued by a buyer to a seller indicating a reduction of the amount due to the seller, often due to returned goods or discrepancy in billing.