In Order for Employee Performance Data to Be Evaluated as Evidence

question 86

Multiple Choice

In order for employee performance data to be evaluated as evidence of good or poor performance,

• A) it is necessary for performance standards to be developed.
• B) the performance data must be quantifiable.
• C) a specific action plan for performance improvement must result.
• D) multiple sources of performance data must be combined.

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Definitions:

Liquidity

The ability to convert assets into cash.

Noncurrent Assets

Long-term assets not expected to be converted into cash within a year, such as property, plant, and equipment.

Uncollectible

Refers to debts or receivables that are deemed not recoverable and are therefore written off as a loss.

Fiscal Year

The annual accounting period adopted by a business.