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The Simplest Type of Absolute Rating System Is _____,In Which

question 44

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The simplest type of absolute rating system is _____,in which a rater describes,in writing,an employee's strengths,weaknesses,and potential,together with suggestions for improvement.


Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue by comparing net credit sales to the average accounts receivable.

Days' Sales

A measure of how efficiently a company converts its inventory into sales, typically calculated as days' sales in inventory or days sales outstanding.

Credit Terms

Conditions under which credit is extended by a seller to a buyer, detailing the repayment period, discount for early payment, and penalty for late payment.

Comparative Balance Sheet

Financial statements that show the financial position of a business at different points in time, allowing for comparison.

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