The Performance Review Should Be Designed More as a Counseling

question 29

True/False

The performance review should be designed more as a counseling activity than as a judgment process, and it can best be accomplished by allowing the review to evolve out of the employee's own self-evaluation.

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Definitions:

Subsidiary Ledger

A detailed ledger that contains the individual accounts related to a specific main account, facilitating detailed tracking and reconciliation.

General Ledger

The primary accounting record of a company that uses double-entry bookkeeping, summarizing all transactions into debits and credits.

Allowance Account

A contra asset account that reduces the gross amount of receivables to reflect a more accurate value of expected collections.