Discuss the three aspects of specific objectives that can be used to judge the extent to which an objective has been achieved
What will be an ideal response?
When judging the extent to which an objective has been achieved, the following three aspects of the specific objective should be considered in comparison to what was expected:
Quality—in terms of how well the objective was achieved
Quantity—in terms of how much of the objective was achieved, how many objectives were achieved, how often the objective was achieved, and at what cost the objective was achieved
Time—in terms of due dates, the schedule, cycle times, and how quickly the objective was achieved
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The ending inventory of a company was $552,000 as per the perpetual inventory records. The current replacement cost for the ending inventory is $547,000. Prepare the journal entry to adjust inventory
What will be an ideal response
The type of rating format most prone to rater error is:
A) the behaviorally anchored rating scale (BARS). B) forced distributions. C) checklists. D) an employee comparison method