The basic purpose of a performance appraisal system is to ________

A) improve performance
B) support strategic planning
C) provide the basis for long-range goals
D) quantify employees' strengths and weaknesses

Answer: A

Business

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The following information relates to Leonard Manufacturing's overhead costs for the month

Static budget variable overhead $14,200 Static budget fixed overhead $5,600 Static budget direct labor hours 1,000 hours Static budget number of units 5,000 units Leonard allocates manufacturing overhead to production based on standard direct labor hours. Leonard reported the following actual results for last month: actual variable overhead, $14,500; actual fixed overhead, $5,400; actual production of 4,700 units at 0.22 direct labor hours per unit. The standard direct labor time is 0.20 direct labor hours per unit. Compute the fixed overhead cost variance. What will be an ideal response

Business

In terms of marketing communications, standardization is:

A) presenting the same message across national boundaries B) a form of adaptation C) new product development D) a new form of the promotions mix

Business