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Vanyuwa [196]
2 years ago
9

The performance management approach that uses job performance evaluations to identify a company's best, average, and worst perfo

rming employees, using person-to-person comparisons, is known as
Business
1 answer:
timurjin [86]2 years ago
6 0

The performance management approach that uses job performance evaluations to identify a company's best, average, and worst performing employees, using person-to-person comparisons, is known as "forced ranking".

<h3>What is forced ranking?</h3>

The contentious practice of "forced ranking," which grades employees against one another rather than against performance standards, is very popular in corporate America.

The problem with forced ranking are-

  • This can lead to a lack of motivation and disengagement among employees as well as unneeded internal competition that can harm collaboration, creativity, and innovation and divert attention from market competition.
  • Although contentious, forced ranking systems are legal. Employers who choose to take action based on those rankings, however, run a number of legal dangers.

The forced rankings beneficial from an employee perspective, here are reasons-

  • This system teaches a manager how to assess employees objectively with the right management training.
  • When the management system needs to be improved or formalised, forced rankings are advantageous.
  • An essential component of business is analysing trends and developments.

To know more about example of forced ranking, here

brainly.com/question/6626507

#SPJ4

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If capital rents for $25 per unit per hour, labor can be hired for $9 per unit per hour, the level of total factor productivity
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Answer:

Following are the solution to the given question:

Explanation:

The decrease of a marginal input return implies that its input is increasing by one unit, thereby decreasing its marginal input product.

Function of production

F(K, L) = AK^{\frac{3}{4}} L^{\frac{3}{4}}

Its capital products subject (MPK) is derived by differentiating the factor of production from K.

MPK = \frac{3}{4}\times AK^{\frac{3}{4}} - 1L^{\frac{3}{4}}\\\\MPK = \frac{3}{4}AK^{-\frac{1}{4}}L^{\frac{3}{4}}\\\\MPK = \frac{3}{4}\times A\times (\frac{L^{\frac{3}{4}}}{K^{\frac{1}{4}}})

Note: When a value is changed from numerator to denominator, then the power symbol shifts between positive to negative.

Since k is in the denominator, K decreases \frac{3}{4}\times A\times (\frac{L^{\frac{3}{4}}}{K^{\frac{1}{4}}}), and therefore MPK is reduced.

There's hence a decreased effective return on capital again for production function.

Its marginal labor product (MPL) is determined by distinguishing the manufacturing function from L.

MPL = (\frac{3}{4})\times AK^{\frac{3}{4}}L^{\frac{3}{4}}-1\\\\MPL = (\frac{3}{4})AK^{\frac{3}{4}}L^{-\frac{1}{4}}\\\\MPL = (\frac{3}{4})\times A\times (\frac{K^{\frac{3}{4}}}{L^{\frac{3}{4}}})

The denominator of L reduces L (\frac{3}{4})\times A\times (\frac{K^{\frac{3}{4}}}{L^{\frac{3}{4}}}) and therefore reduces MPL.

So there is a decreasing marginal return to labor in the production function.

4 0
3 years ago
When Arturo Gomez opened his Mexican restaurant in a fashionable suburb of Kansas City, he believed that the most important elem
Lady bird [3.3K]

Answer:

B. Selling

Explanation:

Selling involves all activities both personal and impersonal, aimed at finding buyer for a particular product or service. It is also an act of targeting, informing and persuading buyers to buy a product or service.

One of the main purpose of selling is to make profit. For an individual to make profit through sales, he/she must be aggressive in terms of advertising the products either through local papers or coupons and must also employ other sales strategies in order to get consumers to buy the products.

Other purpose of selling is to address the customer's area of needs by making the products suitable to their needs available and also maintain good customer relationship afterwards.

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3 years ago
The Moore Corporation had operating income (EBIT) of $700,000. The company's depreciation expense is $140,000. Moore is 100% equ
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Answer:

The net cash flow is $560,000

Explanation:

The computation of the net cash flow is shown below:o

= Operating income + depreciation - tax expense

= $700,000 + $140,000 - $280,000

= $560,000

The tax expense is calculated by

= Operating income × tax rate

= $700,000 × 40%

= $280,000

For computing the net cash flow, we have to add the depreciation expense and deduct the income tax expense.

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Toy Mart recently announced that it will pay annual dividends at the end of the next two years of $1.60 and $1.10 per share, res
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Answer:

$9.43

Explanation:

Calculation for what should this stock sell for today

Stock today = $1.60/1.135 + $1.10/1.135^2 + $13.50/1.135^5

Stock today = $9.43

Therefore what should this stock sell for today is $9.43

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