Feedback and 360-Evaluation Systems Are Used by Organizations to Provide

question 6

Essay

Feedback and 360-evaluation systems are used by organizations to provide performance information to employees.Describe how the 360-evaluation systems are implemented and give an example of how it is used in an actual company.

---

Definitions:

Work in Process Account

An account used in the manufacturing process to track the costs associated with production that is not yet completed, including labor, materials, and overhead.

Ending Balance

The final amount in an account at the end of a period, after all additions and subtractions have been accounted for.

Work in Process Inventory

Represents the value of unfinished goods that are in the process of being manufactured.

Variable Manufacturing Overhead

Costs in manufacturing that vary with the level of production output, such as utilities and commissions.