What Is the Most Important Thing an Organization Can Do

question 97

Multiple Choice

What is the most important thing an organization can do to ensure that a performance evaluation process achieves standards that are legally defensible if challenged in courts?

• A)Use calibration and train the managers on how to deliver feedback.
• B)Make sure the tool is reliable.
• C)Base the standards on a sound job analysis and make sure all involved know what the standards are.
• D)Make sure managers are not biased in their delivery of evaluation feedback.

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Definitions:

Inventory Account

An accounting record that tracks the cost of goods available for sale or used in production.

Perpetual Inventory System

An accounting method that records the sale or purchase of inventory immediately through the use of computerized point-of-sale systems and enterprise asset management software.

Gross Profit

The difference between the revenue generated from selling goods or services and the cost of those goods sold, excluding other operating expenses.

Cost Of Goods Sold

The direct costs attributable to the production of goods sold by a company, including materials and labor, used in calculating gross profit.