Which of the Following Terms Refers to the Process of Evaluating

question 82

Multiple Choice

Which of the following terms refers to the process of evaluating an employee's current and/or past performance relative to his or her performance standards?

• A)employee selection
• B)performance appraisal
• C)employee orientation
• D)organizational development

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Definitions:

Master Budget

A comprehensive financial plan that combines all of an organization's individual budgets (sales, production, overhead, etc.) into one master document.

Credit Sales

Sales transactions where the customer is allowed to purchase goods or services with an agreement to pay at a later date.

Accounts Payable

Short-term liabilities representing amounts a business owes to suppliers or creditors for goods and services purchased on credit.

Raw Materials

Basic substances in their natural, modified, or semi-processed state, used as inputs for production.