List six benefits that performance evaluations provide employee:
What will be an ideal response?
1. The procedure clarifies what is expected of the employee.
2. It provides a system of recognition and prevents employees from being ignored or lost.
3. It allows the supervisor the opportunity to praise good work.
4. The rating helps the employee pinpoint weak areas so that improvements can be made.
5. It forces periodic communication between the supervisor and the employee.
6. It provides the employee with a work record that can be used for making decisions about pro-motions and bonuses.
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The three categories of period costs are direct materials, direct labor, and manufacturing overhead
Indicate whether the statement is true or false
The mean squared deviation of all the values from the mean is called the ________
A) variance B) range C) median D) mean E) geometric mean