Performance Evaluations Suffer from a Number of Problems

question 47

Multiple Choice

Performance evaluations suffer from a number of problems.The more significant of these problems include

• A)the fact that definitions are not clear.
• B)the halo effect.
• C)the central tendency phenomenon.
• D)all of these.

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Definitions:

Production Budget

An estimation of the cost and resources needed for the production of goods within a specified period.

Desired Ending Inventory

The amount of inventory a business plans to have on hand at the end of a specific period, often used for planning production or purchasing.

Sales Budget

A detailed schedule showing expected sales expressed in both dollars and units.

Credit Sales

Sales made on credit, where payment is received after the goods or services are delivered.