Which of the Following Is True Regarding Performance Appraisals and Internal

question 23

Multiple Choice

Which of the following is true regarding performance appraisals and internal selection?

• A) It is illegal for organizations to use performance appraisals as a basis for internal selection decisions.
• B) Performance appraisals have no validity.
• C) Performance appraisals have no reliability.
• D) Performance appraisals are readily available in most organizations.

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Definitions:

Compound Entry

An accounting entry that involves more than two accounts, recording multiple debits and/or credits in a single transaction.

Journal

A detailed record of all the financial transactions of a business, which are initially documented before summarizing in the ledger.

Posting

The process of transferring journal entry amounts to ledger accounts in accounting.

Analyze Each Transaction

The process of closely examining financial transactions to ensure they are accurately recorded in the correct accounts.