The Process of Observing and Evaluating an Employee's Performance,recording the Assessment

question 94

Multiple Choice

The process of observing and evaluating an employee's performance,recording the assessment and providing feedback to the employee is referred to as:

• A) orientation training
• B) classroom training
• C) a paper-and-pencil test
• D) performance appraisal
• E) control maintenance.

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Definitions:

Percent Of Fixed Assets

A financial ratio that indicates what portion of a company's total assets are made up of fixed assets, such as property, plant, and equipment.

Vertical Analysis

This is a method in financial statement analysis where each line item is listed as a percentage of another item. For income statements, each expense is presented as a percentage of sales, and on the balance sheet, each asset, liability, or equity is presented as a percentage of total assets.

Quick Assets

Cash and other current assets that can be easily converted to cash, such as temporary investments and accounts receivable.

Vertical Analysis

Vertical Analysis is a financial statement analysis tool that presents each item in the financial statement as a percentage of a base figure for the same period, facilitating ratio comparisons.