Several firms have claimed to have dropped performance appraisals completely and focused entirely on performance management. Muc
h of this reaction stems from the use of _____.
2 answers:
Answer:
forced-distribution method
Explanation:
Forced-distribution method is a rating system that is used to evaluate performance and it is used world wide. The supervisor uses predetermined criteria to rank employees into 3 or more categories.
Usually the categories are excellent, good, or poor categories.
It is also called the bell curve method because the graph appears as a bell curve. Find attached illustration.
Few employees fall under the extremes of excellence and poor, while the bulk fall under good.
Employees border this method because it shows visually performance between employees.
You might be interested in
Answer:
a. The value of ending Inventory using FIFO is $2749.
b. The value of ending Inventory using LIFO is $2667.
c. The value of ending Inventory using Average Cost method is $2713.
We have:
Date Explanation Units unit cost Total Cost
Sep-01 inv 11 97 1067
Sep-12 purchases 44 100 4400
Sep-19 purchases 47 101 4747
Sep-26 purchases 22 102 2244
Total 124 12458
Novak sold 97 snowboards, so the number of snowboards with it at the end of September is .
If Novak adopts First In First Out (FIFO) method, and 27 units are remaining, all 22 units purchased on Sept-26th and from the purchases made on Sept-19th will remain in inventory.
So the value of inventory using FIFO will be
If Novak adopts Last In First Out (LIFO) method, all 11 units in inventory on Sept-01st and from the purchases made on Sept-12th will remain in inventory.
Hence inventory value using LIFO will be
We calculate the Average cost by dividing the Total Cost by total number of units purchased.
The value of inventory using the average cost method is .