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4 years ago

the 360 degree feedback performance appraisal system tries to improve performance ratings by forcing managers to :

Business

1 answer:

olga nikolaevna [1]4 years ago

5 0

Answer:

Include information from a wide range of sources in their reviews.

Explanation:

Performance appraisal refers to the evaluation of employees' performance by the human resource managers in an organization. The 360-degree feedback performance appraisal system is a type of performance appraisal that sources information about an employee from various sources, which ranges from subordinates, lateral and supervisory sources. This implies that the manager seeks to gain insight about the employee from his fellow employees, from his supervisors, his subordinates, and sometimes from external sources such as the customers who interact with that employee on a daily basis.

Most managers use this system of appraisal for developmental purposes and evaluation of an employee's performance. Information sourced can then be used to help the employees improve on their skills or promote/demote them.

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Which of the following is a nominal variable? - Education - Age - Employment status - One needs to know the attributes to determ

Alja [10]

Answer: Employment status.

Explanation:

Nominal values are values that can't be measured by the use of numbers such as is done in measuring age or counting academic achievements. Nominal values covers aspects such as; gender and employment status which is not measured in numbers.

8 0

3 years ago

If a firm has demographic and purchasing information about its customers, the firm can use data mining techniques to create mark

Mumz [18]

Answer:

Build separate marketing programs for different demographic segments.

Explanation:

If a firm has detailed information regarding the demographic and purchasing data of the clients that helps to arrange the product and services in a more concise level. More importantly, they can take that information and design marketing programs accordingly, and those marketing programs can be made to facilitate different marketing segments and target market.

8 0

3 years ago

Assume that you just won $35 million in the Florida lottery, and hence the state will pay you 20 annual payments of $1.75 millio

Rus_ich [418]

Answer:

$21.277 million

Explanation:

Data provided in the question:

Amount of lottery won = $35 million

Number of annual payments = 20

Amount of annual payment = $1.75 million

Interest rate = 6%

Now,

Present value of the payment = Payment × Present value factor

Also,

Present value factor = [1 + r]⁻ⁿ

Since the payment started immediately

Therefore,

Base year i.e n = 0

Thus,

we have

Year (n) Annual payment Present value

0 $1.75 million $1.75 million

1 $1.75 million $ 1.650943 million

2 $1.75 million $1.557494 million

3 $1.75 million $1.469334 million

4 $1.75 million $1.386164 million

5 $1.75 million $1.307702 million

6 $1.75 million $1.233681 million

7 $1.75 million $1.16385 million

8 $1.75 million $1.097972 million

9 $1.75 million $1.035822 million

10 $1.75 million $0.977191 million

11 $1.75 million $0.921878 million

12 $1.75 million $0.869696 million

13 $1.75 million $0.820468 million

14 $1.75 million $0.774027 million

15 $1.75 million $0.730214 million

16 $1.75 million $0.688881 million

17 $1.75 million $0.649888 million

18 $1.75 million $0.613102 million

19 $1.75 million $0.578398 million

Hence,

The present value of the winnings = ∑ Present value of payments

= $21.277 million

7 0

4 years ago

Bayest Manufacturing Corporation uses a predetermined overhead rate based on direct labor-hours to apply manufacturing overhead

Juliette [100K]

Answer:

Applied overhead = $380,250

Under applied by = $71,750

Explanation:

Firstly, we know that the formula for overhead rate is ;

Overhead rate = Cost of manufacturing overhead/Cost driver

It also means that to get the predetermined overhead rate, the expected cost will be distributed along a cost driver. Hence;

Labor hours = $396,500/61,000 = $6.5

The above rate would then be applied to the actual labor hour for the period

= $58,500 × $6.5 = $380,250

It therefore means that the applied overhead for the period is $380,250

We will now compare the applied overhead with actual overhead

= $380,250 - $452,000

= ($71,750)

It means that the overhead was under applied as the actual overhead cost was higher.

3 0

3 years ago

Difference between per<br> behaviour and organisational behaviour

malfutka [58]

Answer:

Organiational behaviour looks at the individual behaviour, then moves to group behaviour, progressively to the organization behaviour, which you can also call the organization culture. It requires skills to understand how the organization and its members affect each other. Areas include frameworks for diagnosing and resolving problems in organizational settings. Human behaviour, call it individual behaviour is a sub-set of organization behaviour.

7 0

3 years ago