In Which Performance Technique Are Managers Given Three Statements of Performance

question 17

Multiple Choice

In which performance technique are managers given three statements of performance per dimension and asked to indicate whether an employee's performance is above (+) ,at (0) ,or below (−) the statements?

• A)Behaviorally anchored rating scale
• B)Forced distribution scale
• C)Behavior observation scale
• D)Graphic rating scale
• E)Mixed-standard scale

Analyze the impact of inventory errors on financial statements.

Apply the straight-line method of depreciation and correct errors associated with asset depreciation.

Identify the effects of changes in accounting principles and estimate changes on financial statements.

Compute corrected net income after adjusting for accounting errors.

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Definitions:

Absorption Costing

An accounting method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.

Net Income

The total earnings of a company after accounting for all expenses, taxes, and additional income streams, representing the company’s profit.

Inventory Levels

The quantity of goods and materials on hand available for sale or used in production at any given time within a business.

Variable Costing

A costing method that includes only variable production costs (materials, labor, and overhead) in the cost of goods sold and treats fixed overhead expenses as period costs.