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Soloha48 [4]
3 years ago
11

As a project manager for a large construction company, Kevin decided to make the performance appraisal process as painless as po

ssible for his crew. He spent a considerable amount of time creating performance standards he felt were reasonable, and after six months’ time, he scheduled individual appointments with each worker to discuss strengths and weaknesses and areas that needed improvement according to the standards he privately set. Some employees were sent to vestibule training, and one even got a promotion with additional compensation. What did Kevin fail to do correctly? Provide a pleasant environment for the appraisal such as a restaurant setting. Dismiss at least 10% of the work crew. Communicate the performance standards to the employees so they know what is expected. Copy the HR department on all the results, within 24 hours of each appraisal
Business
1 answer:
Daniel [21]3 years ago
7 0

Answer:

Kevin failed to do this correctly:

Communicate the performance standards to the employees so they know what is expected.

Explanation:

Performance standards are the accepted levels of performance by an employee on the job.   They should be based on the position and tasks, and not the individual.  They should specify indicators of success for each skill within a competency map and illustrate “what a good job looks like”.

In setting performance standards and evaluating actual performance of subordinates against the set standards, it is a good practice to communicate the standards' requirements to those who will be evaluated on them.

The communication of performance standards enables the manager to obtain desired outcomes, improve employees' performances, and develop new skills, in the employees and herself.

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Parker & Stone, Inc., is looking at setting up a new manufacturing plant in South Park to produce garden tools. The company
Bess [88]

Answer:

$17.1 million

Explanation:

The proper cash flow amount to use as the initial investment in fixed assets when evaluating this project can be calculated as follows

DATA

Fair value of land = 4.6 million

Cost to build a plant = 11.8 million

Grading cost = 0.7 million

Solution

Initial investment = Fair value of land + Cost to build a plant + Grading cost

Initial investment = $4.6 million + $11.8 million + $0.7 million

Initial investment = $17.1 million

7 0
4 years ago
Derek has liquid assets of $4,450 and he saves $615 a month. His current liabilities are equal to $1,750 and monthly credit paym
Nata [24]

Answer:

7.20 %

Explanation:

Debt to income ratio is a measure of an individual's monthly debt repayment ability. The ratio is used in assessing the individual capability of absorbing more debts.

It is calculated by the formula.

Debt to income ratio = Total of Monthly Debt Payments​​/Gross monthly income x 100.

Total monthly debt is the aggregate or all debts payable on a monthly basis.

Gross income is the income before any deductions.

For Derek, gross income =$5900

Monthly debts =monthly credit card of $425

DTI= $425/ $ 5900 X 100

=0.0720  X 100

=7.20 %

7 0
3 years ago
How much would it cost to buy 20 apples for 40 cents each?
Setler [38]
20 x 40c = $8 or 800c
6 0
4 years ago
Sally and Alicia are equal general partners In a business. They are content with their current management and tax situation but
AlladinOne [14]

Answer: Limited liability company

Explanation: It refers to a hybrid structure for firms which have the characteristics of both company and partnership. The limited liability characteristics is a feature of a company while the tax treatment is done as similar to a partnership.

In the given case, Sally and Alicia are equal general partners and wants to change their unlimited liability structure.

Hence from the above we can conclude that the correct option for them is limited liability company.

4 0
3 years ago
Artificial intelligence (A.I.) is a powerful tool for aiding human decision making. This activity is important because managers
almond37 [142]

Answer:

a. APPLICATION

If the risk of death can be predicted ahead of time, actions can be taken to mitigate that risk.

b. APPLICATION

If A.I. sensors can alert drivers to potential accidents, the drivers can take action to avoid said accidents which means that A.I can reduce the number of accidents occurring.

c. DOWNSIDE

The difficulty in getting A.I. to act in a certain way is a downside because the A.I. can give undesirable and irrelevant responses.

d. APPLICATION

If A.I. can aid humans in decision making so that decisions are better then this is an application.

e. DOWNSIDE

Common sense is very important in certain scenarios and is A.I. is devoid of this then it will take longer to perform in scenarios where common sense was needed.

f. DOWNSIDE

A potential for A.I. to be used in nefarious and malicious ways is most definitely a downside.

g. APPLICATION.

If A.I. can make better and more effective simulations than humans, this is an application that will save costs in a lot of industries.

8 0
3 years ago
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