Goal-setting theory is one of the most influential management practices. there is strong evidence that setting goals increase employee engagement within the workplace.
In accordance with goal-setting theory, productivity can be increased by defining explicit, quantifiable goals. One may boost employee engagement while also enhancing employee performance in the workplace by implementing the goal-setting principle.
Goals should be sufficiently difficult to maintain employees' interest and concentration while carrying out the necessary tasks to accomplish each goal. Achieving goals that are overly time-consuming or simple may demotivate you and leave you feeling less satisfied with your accomplishments.
A key element of the goal-setting theory is feedback. To make sure tasks continue on track to accomplish the objective, frequent feedback should be given throughout the goal-achieving process.
Goals ought to be divided into smaller ones. A review and updating should be carried out once each smaller goal has been accomplished.
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The statement that the percent sales method for estimating bad debts for a company, will only use those balances in the income statement is False.
<h3>What is the percent of sales method?</h3>
The percent of sales method is one of the methods that companies can use to estimate the bad debts that it expects in a given period. Bad debts refer to those Account Receivables that will not pay the company back even after they have taken goods or services on credit. In order to be able to use the percent of sales method, the sales of a company need to be known.
The sales that a company makes includes both the sales that the company made and the accounts receivable. The Accounts Receivables go to the Balance Sheet and Sales go to the Income Statement. This means that the Balance Sheet balances are used as well as Income Statement balances and not just the latter.
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Answer:
This project should be rejected because the AAR is 10.68 percent.
Explanation:
The accounting rate of return of the project needs to computed,compared with the required accounting rate of return in order to decide whether the project should accepted or rejected:
Profit margin=$86,800*6%=$5208
Average operating assets=($97,500+$0)/2=$48.750
Accounting rate of return=profit margin/average operating assets*100
Accounting rate of return=$5,208/$48,750*100=10.68%
The project accounting rate of return is lower than the required accounting rate of return,hence the project should be rejected.