Subjective Performance Measures

question 62

Multiple Choice

Subjective performance measures:

• A)are so called because they involve specific employees as subjects
• B)are not verifiable by others
• C)are usually observed directly and don't involve opinions
• D)are designed to evaluate employees' subjective opinions on performance
• E)can be highly accurate when done indirectly

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Definitions:

Limited Liability

Limited Liability is a legal structure that limits an owner's or shareholder's personal liability for a company's debts and obligations.

General Partners

Members of a partnership who are responsible for the management of the partnership, have full authority to bind it, and face unlimited personal liability for its debts.

Limited Partners

Individuals in a partnership who invest money but do not have management responsibilities and whose liability is limited to the amount of their investment.

Foreign Limited Partnership

A partnership entity in which some owners have limited liability and limited involvement in management, recognized under the jurisdiction other than where it operates.