In order to find out if employees are doing their job as they should in an efficient and effective manner, managers use performance management.
<h3>What is performance management?</h3>
This refers to anything that employers do in order to find out how employees are doing as regards helping the company to meet its organizational goals.
These methods go beyond trying to find out how employees are doing as regards work, but also tries to suggest ways that the employees can get better at what they do.
In order to do this, the employees need to be monitored and the process they use to go about their jobs need to be studied. They are then juxtaposed with industry best practicies to make them better.
Performance management is therefore hugely important in companies as it ensures that they meet organization objectives.
In conclusion, this is performance management,
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Answer: $4,950
Explanation:
If the company is using the First In First Out method for Inventory valuation then the earlier inventory is sold off first which would mean that the inventory at year end will be the more recent inventory.
The 25 units at the end of the year will be the most recent units purchased and so will be;
20 units from the third purchase
5 units from the 2nd purchase
Inventory value = (20 * 195) + ( 5 * 210)
= $4,950
<em>The options are not for this question. </em>
Answer:
Limited relationships
Explanation:
A limited relationship is when a marketer seeks to create a connection with customers that have initiated contacts. In this strategy, the marketer will take deliberate actions to entice customers that made contact into a long term relationship.
In the case of Parchova, the company is rewarding customers after they have made purchases. By making purchases, the customers are initiating contact with Parchova. The act of issuing out notepads and pens is an attempt to create a relationship between the company and the customers.
Answer:
C. consumers make their purchase decisions based on perceived value.
Explanation:
Consumer perceived value is the benefit of a product that the consumer receives by buying any specific goods or services. Perceived value is the satisfaction level of consumer that customer look in the product, rather than just paying for the product, therefore, the company need to work and develop their brand and value in the market. Cost does not define the value of the product, rather it is a satisfactory level of consumer that defines the value and price of product. Example; Customer does not pay for the software, however, they pay for the solution.
Most corporations count revenue, not when payment is received, as when sales occur.
Explanation:
1. Doubtful accounts or account holders, in which you fear you will not be paid, are excluded from taxes, which raises the net income recorded by the corporation.
2. Not as a boss with her property. She shall be an agent as a boss working for the good of the business owner. When the only reason she makes improvements to her accounts is to maximize her salary, she places her own future in the hands of the interests of the company / owner. Especially as it may affect the company's decision making by changing its net income. Unless she has a valid reason to reduce questionable figures of account, Then she did not commit an ethical breach but as the trigger makes clear she takes her decisions on the grounds of the desire to reduce her own income, even though she is no more the owner's loyal employee.
3. In any incident that an accounting transition affects the remuneration of the manager, the manager should provide a short justification that should be submitted to the owner or the board of directors.
