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4vir4ik [10]
3 years ago
12

Subjective performance evaluations are subject to several rater errors, which makes objective measures seem a better alternative

. Discuss when subjective performance evaluations might be better ( or more feasible) than objective ratings.
Business
1 answer:
Mandarinka [93]3 years ago
3 0

Answer:

A Subjective performance evaluation is more feasible when evaluating jobs that cannot easily be evaluated by numbers, in finding problems such as ethical errors that objective evaluation cannot identify and in identifying the rate of achievement of work goals that cannot be recorded in an objective evaluation.

Explanation:

Though Objective evaluation has been the more favored form of evaluation for valid reasons, there are still situations where subjective performance evaluation does a better job in the workplace.

Some jobs for example, the job of an attorney, cannot easily be objectively evaluated. In this situation, it falls on the employer to evaluate the performance of the employee by using measurements like team play, professionalism and client service.

In objective analysis, some ethical approaches are overlooked and the achievement of the set goal is the major criterion for ratings. This affords employees the opportunity to use unethical means to achieve set targets and the objective performance evaluation skips it, leaving them safe and with high ratings. In subjective performance ratings however, the employer having the power to rate employers, could expose these unethical behaviors faster and actions, taken on them.

In the workplace, certain goals are set in overall goals, as a method to achieving the overall set target. In an objective performance rating, an employee could bypass these and still appear to have achieved the overall goal. An objective evaluation will miss this but a subjective evaluation could pick this out and make rating each employee based on these soft goals and overall goal achievable.

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Railroad companies controlled by J. P. Morgan sometimes issued watered stock, a practice that Question 11 options: a) kept inves
Katena32 [7]

Answer:

A) kept investors happy but caused overcapitalization and debt for the railroads.

Explanation:

When a firm issued watered stock, it means that they are issuing the stock with an artificially high par value. Watered stocks were a type of fraud related to the sales of stocks with an absurd par value. You have to remember that back then, railroad companies were huge and extremely powerful, monopolies were common and information was scarce and generally manipulated. By issuing stocks with a very high par value investors were tricked into believing that the company was actually worth much more that its real value. Very few people dared to oppose the industry giants and most tried to earn money by using the same dirty tricks.

6 0
3 years ago
Dacosta Corporation had only one job in process on May 1. The job had been charged with $2,400 of direct materials, $6,966 of di
tiny-mole [99]

Answer:

$116,387

Explanation:

Opening work in process = Direct materials + Direct Labor + Overheads

= $2,400 + $6,966 + $10,104

= $19,470

Adding up all the cost for the period, we'll have;

Raw materials = $39,900 used in production

Direct labor cost = $25,110

Overheads to be applied on predetermined rate = 2,500 × $19.6

= $49,000

Total cost incurred including beginning work in process = $133,480

Less: Closing work in process $17,093

Total cost of goods manufactured = $116,387

8 0
3 years ago
Which term describes the reduction in an asset’s value over its lifespan?
Verizon [17]

Answer:

Depreciation / Amortization

Explanation:

Depreciation is an accounting concept that describes the process of allocating the cost of an asset over its meaningful life. Assets require a substantial amount of capital investments. Expensing the entire cost of an asset in one financial year is against the income and expense matching principle.

The business spreads the cost of the asset in each year that the asset is expected to generate revenue. The cost of the asset is divided equally with the number of its useful years. At the end of each year, the depreciation amount is charged to the profit and loss statement of the business.

Depreciation is the term used for tangible assets, while amortization is used for intangible assets. The two operate on the same concept.

5 0
3 years ago
most expensive startup option is usually A. starting a business from scratch B. buying a franchise C. buying an established busi
kupik [55]

C. buying an established business

If you look at it it kind of depends on the business and their success rates.

7 0
3 years ago
Last year, Jackson Tires reported net sales of $80 million and total operating costs (including depreciation) of $52 million. It
Zolol [24]

Answer:

Value created for the firm = $8.18 million

Explanation:

given data

net sales = $80 million

total operating costs = $52 million

Investor-supplied capital = $115 million

after-tax cost = 7.5%

company’s tax rate = 40%

solution

we get here Earning Before Interest and tax that is express as

Earning Before Interest and tax = Net Sales - Operating costs   .........1

put here value and we get

Earning Before Interest and tax  = $80 million - $52 million

Earning Before Interest and tax  = $28 million

and

Net Operating profit after tax = $28 × ( 1 - 40% )    .........2

Net Operating profit after tax  = $16.8 million

and

Return on investor-supplied capital will be

Return on investor-supplied = $115 million × 7.5%

Return on investor-supplied = $8.625 million

so here Value created for the firm will  be

Value created for the firm = Net operating profit after tax - Return on investor-supplied capital    ..................3

Value created for the firm = $16.8 - $8.625 = $8.175 million

Value created for the firm = $8.18 million

7 0
3 years ago
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