Employee Performance Evaluation Is Needed Because

question 37

Multiple Choice

Employee performance evaluation is needed because:

• A) it justifies the incredibly high wages of the CEOs.
• B) it justifies the incredibly high fringe benefits of the CEOs.
• C) it puts the employees in their places which is important for success.
• D) it determines rewards and sanctions - wages, raises, bonuses, and dismissals.

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Definitions:

Note Receivable

A written promise for amounts to be received by a debtor, where the debtor agrees to pay back the amount, often with interest, by a specified date.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue from its credit sales, calculated as sales divided by average accounts receivable.

Net Sales

The total revenue from sales transactions after deducting returns, allowances, and discounts.

Average Accounts Receivables

The average amount of money owed to a company by its customers for goods or services provided on credit over a specific period.