MATCHING KEY TERMS AND DEFINITIONS

question 18

Multiple Choice

MATCHING KEY TERMS AND DEFINITIONS
-Employees are evaluated on how well they accomplish a specific set of objectives determined as critical in the successful completion of their job.

• A)Absolute standards
• B)Relative standards
• C)Individual ranking
• D)360-degree appraisals
• E)Peer evaluation
• F)Performance measurement
• G)Halo error
• H)Graphic rating scale
• I)Leniency error
• J)Documentation
• K)Paired comparison
• L)Similarity error
• M)Attribution theory
• N)Management by objectives (MBO)
• O)Forced-choice appraisal

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Definitions:

Recognized Gain

The amount of profit realized from the sale or exchange of an asset that must be reported for tax purposes.

Cash Distribution

The payment of cash to shareholders or partners as part of the profits or surplus.

Self-employment Income

Income derived from running a business as a sole proprietor, independent contractor, or freelancer, as opposed to earning a salary or wages from an employer.

Section 179 Expense

A section of the IRS tax code allowing businesses to deduct the full purchase price of qualifying equipment and/or software within a tax year.