Explain How the Expected Results of a Performance Management System

question 98

Essay

Explain how the expected results of a performance management system designed with a strong quality orientation can impact employee performance.

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Definitions:

Purchases Discounts

An allowance given by the seller to the buyer for early payment or for buying in large quantities.

Net Purchases

The total cost of goods bought for resale, after subtracting returns, allowances, and discounts.

Merchandise Inventory

Goods that a company holds for the purpose of selling to customers.

Payroll Tax Expense

Taxes imposed on employers or employees, and are usually calculated as a percentage of the salaries that employers pay their staff.