Answer:
Administrative.
Explanation:
The ways in which organizations use the system to provide information for day-to-day decisions about salary, benefits, and recognition programs falls under the <u>Administrative</u> purpose of a performance management system.
Performance management system: It is a system used to evaluate the performance of the employee and rewarding them on the basis of their performance. It also helps in defining the required role of an employee in a given time, which creates transparency in the evaluation process. It serves as a basis for improving employees' knowledge and skills, which motivate employee for better performance.
There are three purposes of performance management:
- Strategic purpose.
- Administrative purpose.
- Developmental purpose.
Strategic purpose: It is defined as how effective performance help the organization to grow.
Administrative purpose: It is defined as how organizations use the system to provide information for day-to-day decisions about salary, benefits, and recognition programs.
Developmental purpose: It is defined as how system helps organization in developing employee´s skill and knowledge.
The percentage of American workers that were classified as employed in the industry that is automotive-related is only 20%. There were only 2 out 10 Americans who are working on this job. Automotive jobs cover auto dealerships, and manufacturing plants.
The correct answer is A) alignment.
After spending months finalizing a marketing plan, the lead marketing manager presents it to the entire company. It soon becomes clear that the budget given in the plan is far lower than the marketing team had determined it would need. This mistake is likely a result of a lack of alignment.
This means that the marketing manager did not respect the parameters originally indicated. His numbers did not align with the necessities of the plan, which means that he did not take into consideration some important factors that at the end, affected the end result of the budget.
Answer:
The correct answer is letter "D": All of these answer choices are incorrect.
Explanation:
Retained earnings are the part of the company's net profits which does not pay out as dividends to shareholders. The company keeps this money in the business to reinvest it or uses it to pay off a part of its debt.
When revenues of a company exceed the expenses of a period, the firm has net income. Net income is reported as a credit entry. Thus, the retained earnings will have a credit balance prior to closing.
Answer:
A. 27,000
B. 77,000
Explanation:
What is Reggie's accounting profit?
REVENUE - EXPENSES AND DEPRECIATION
90000-18000-6000-3000=63000
What is Reggie's economic profit?
REVENUE - EXPENSES AND DEPRECIATION - IMPLICIT COSTS
90000-18000-60000-3000-76000 = -13000
1) accounting profit = TR - explicit cost
= 90,000 - 63,000
= 27,000,
2) economic profit = TR - economic cost
= 90,000-(13,000)
= 77,000
