One Drawback of Performance Appraisals Is That They Cannot Be

question 3

True/False

One drawback of performance appraisals is that they cannot be completed for top management because there is no one above this level of management to carry out and evaluate the results.

---

Definitions:

Liquidator's Remuneration

The compensation paid to a liquidator for their services in administrating the process of winding up a company's affairs and distributing its assets.

Liquidation Account

An account created to collect transactions and balances during the process of liquidating or winding up a company.

Liquidator's Distribution

The process of distributing assets held by a company under liquidation to its creditors and shareholders.

Shareholders' Distribution

The allocation of earnings declared by a corporation to its shareholders, usually in the form of dividends.