The First Step in the Performance Appraisal Process Is to

question 368

Multiple Choice

The first step in the performance appraisal process is to

• A) perform a human resource inventory.
• B) establish performance standards.
• C) analyze the jobs to see what tasks must be performed.
• D) meet with employees and discuss the overall objectives of the firm.

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Definitions:

Revenue Recognition

The accounting principle that income should be reported in the accounting period when it is earned, regardless of when the cash is received.

Percentage of Completion

An accounting method used to recognize revenues and expenses of long-term contracts as a percentage of work completed during the period.

Revenue Recognition

Accounting principle determining the specific conditions under which revenue is recognized or recorded.