If Your Take-Home Pay Is $30,000 Annually and You Have

question 23

Multiple Choice

If your take-home pay is $30,000 annually and you have $15,000 in liquid assets and $5,000 in current liabilities,you have about

• A)six months' of liquid reserves,which is good.
• B)two month's of liquid reserves,which is poor.
• C)four month's of liquid reserves,which is fair.
• D)six years of liquid reserves,which is excessive.

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Definitions:

Performance Appraisal

The systematic evaluation of an employee's job performance and productivity, typically in terms of quality, quantity, cost, and time, often by their respective supervisor.

Formally Assessing

The systematic evaluation of something using established procedures or criteria to determine its value or quality.

Work Accomplishments

Achievements or completed tasks in a professional setting that contribute to an organization's goals.

Evaluation Purpose

The objective or reason behind assessing the performance, quality, or value of a person, product, or idea.