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In the Essay Approach to Performance Appraisal,the Manager Has More

question 47

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In the essay approach to performance appraisal,the manager has more flexibility than in other appraisal methods and can provide highly detailed information about the subordinate being rated.


Definitions:

Contribution Margin

The amount by which a product's sales revenue exceeds its variable costs, used to cover fixed costs and towards profit.

Marginal Cost

The additional cost incurred by producing one more unit of a product or service.

Incremental Cost

Incremental cost is the additional cost associated with producing one more unit of a product or service.

Operating Cash Flow

Operating cash flow is a measure of the cash generated by a company's regular business operations, indicating the company's ability to generate sufficient positive cash flow to maintain and grow its operations.

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