Frank Is Considering the Development of a BARS System for Evaluating

question 45

Multiple Choice

Frank is considering the development of a BARS system for evaluating subjective criteria.His major reservation is BARS systems:

• A)Take time to develop.
• B)Only evaluate output measures.
• C)Introduce an outcomes bias.
• D)Provide only half of the 360-degree feedback.

---

Definitions:

Allocated Fixed Costs

Fixed costs that are assigned or distributed to various departments, products, or activities based on specific criteria.

Net Income

The total earnings of a company after subtracting all expenses from its total revenues; also known as net profit.

Income

The amount of money received by an individual or business in exchange for providing a good or service or through investing capital.

Loss

A financial term representing the amount by which expenses exceed revenues.