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Bingel [31]
3 years ago
13

An effective performance management system is comprised of four steps: defining performance, monitoring and evaluating performan

ce, reviewing performance, and providing consequences. This activity is important because, when administered properly, an effective performance management system is a powerful tool in your managerial repertoire for enhancing individual, group, and organizational effectiveness.
The goal of this exercise is to challenge your knowledge of the steps in the performance management process. cuook. Match each person to the step of performance management that his or her description best exemplifles.
1. Define Performance
2. Review Performance
3. Provide Consequences
4. Monitor and Evaluate Performance
Match eech of the options above to the items below.
A. Aileen and her supervisor discuss how the market is looking and how much of an increase sales she believes is realistic and attainable for this year.
B. Quentin has a discussion with his supervisor about how sales are going and whether or not it looks like he will make this year's budgeted sales figures.
C. While Vonda's sales are strong, they do not appear to be in line with what she and her supervisor anticipated, so they are meeting to discuss how she can boost her sales In time to meet her goals.
D. Yang receives his bonus check when he beats his sales goals by 10%.
Business
1 answer:
UkoKoshka [18]3 years ago
7 0

Answer:

Marching items with Performance Management Steps:

Item    Performance Management Step

A.        Define Performance

B.        Review Performance

C.        Monitor and Evaluate Performance

D.        Provide Consequences

Explanation:

1. Define Performance:  This is the stage when performance objectives and goals are clearly defined and agreed upon.  The best performance goals are SMART goals, which are specific, measurable, attainable, realistic, and time-bound.

2. Review Performance: This is the stage when a goal is reviewed in the light of operational realities.

3. Provide Consequences: This stage issues the reward and punishment for either good or bad performance.

4. Monitor and Evaluate Performance:  This stage enables realistic goals to be reset amidst performance uncertainty.

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The following are the transactions for the month of July. Units Unit Cost Unit Selling Price July 1 Beginning Inventory 40 $ 10
Agata [3.3K]

Answer:

                                                  (a) FIFO             (b) LIFO           (c) weighted

                                                                                                   average cost:

Cost of goods available for sale $2,600            $2,600              $2,600

Ending inventory                            1,540                1,500                  1,516      

Sales                                             $1,400              $1,400                 1,400  

Cost of goods sold                        1,060                 1,100                  1,083  

Gross profit                                    $340                $300                   $317        

Explanation:

a) Data and Calculations:

                                                Units    Unit Cost      Unit Selling       Price

July 1 Beginning Inventory        40          $ 10                                      $400

July 13 Purchase                     200              11                                     2,200

July 25 Sold                           ( 100 )                                $ 14            (1,400)

July 31 Ending Inventory         140

July 31 Goods available          240

Average unit cost = $10.83 ($2,600/240)

FIFO:

Cost of goods available for sale  $2,600 ($400 + $2,200)

Ending inventory                             1,540 (140 * $11)

Sales                                              $1,400 ($14 * 100)

Cost of goods sold                         1,060 (40 * $10 + 60 * $11)

Gross profit                                      $340

LIFO:

Cost of goods available for sale  $2,600 ($400 + $2,200)

Ending inventory                             1,500 (40 * $10 + 100 * $11)

Sales                                              $1,400 ($14 * 100)

Cost of goods sold                          1,100 (100 * $11)

Gross profit                                      $300

Weighted Average:

Cost of goods available for sale  $2,600 ($400 + $2,200)

Ending inventory                             1,516 (140 * $10.83)

Sales                                              $1,400 ($14 * 100)

Cost of goods sold                          1,083 (100 * $10.83)

Gross profit                                      $317

4 0
3 years ago
A car is driven 15Km East for 12minutes before the road changes. The car is then driven south for 18minute​
Evgen [1.6K]

Answer:

30Km

Explanation:

7 0
3 years ago
According to mcclelland, managers who are extremely concerned about establishing and maintaining good interpersonal relationship
Svetlanka [38]
<span>According to mcclelland, managers who are extremely concerned about establishing and maintaining good interpersonal relationships have a high need for affiliation. Hope this answers the question. Have a nice day. Feel free to ask more questions.</span><span />
4 0
3 years ago
Nina Corp. had the following net income (loss) the first three years of operation: $6,700, ($1,200), and $3,800. If the Retained
RoseWind [281]

Answer:

The total amount of dividends paid over these three years is $8,600

Explanation:

The computation of the total amount of dividend for three years is shown below:

= Net income for first-year - net loss for the second year + net loss for the third year - ending retained earning balance

= $6,700 - $1,200 + $3,800 - $700

= $8,600

As we know,  

The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid

So, we apply the same formula to compute the dividend amount

8 0
3 years ago
In what ways do the benefits of free enterprise affect your daily life? List as many examples as you can. Consider neighborhood
Kobotan [32]

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6 0
3 years ago
Read 2 more answers
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