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2 Enumerate the basis of evaluating entrepreneurial performance?
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With which concept the business profit or economic concept provides the more appropriate basis for evaluating business operations?
Businesses i know are there to maximize profit and minimize cost.On this basis,i think the business profit concept is the most appropriate basis for evaluating business operations because banks,lenders or creditors will the creditworthiness of such business if loan or any other facility has been advanced to such business to see whether they can offset such debt if given to them.
What is linear performance pricing?
The linear performance pricing is one way to identify a technical cost driver that is crucial for the product price of a sourcing category, which can then serve as the basis of objective target prices.
What has been the results of stock performance newsletters?
Stock performance newsletters usually result in people buying, selling, or trading their stocks based on what they read in the newsletter. On an overall basis, stock performance newsletters under perform major stock induces. This is based on long term studies by the Federal Reserve Bank of New York.
What are the objectives of business policy?
1. A specific result that a person or system aims to achieve within a time frame and with available resources. In general, objectives are more specific and easier to measure than goals. Objectives are basic tools that underlie all planning and strategic activities. They serve as the basis for creating policy and evaluating performance. Some examples of business objectives include minimizing expenses, expanding internationally, or making a profit. 2. Neutral (bias free), relating to, or based on verifiable evidence or facts instead of on attitude, belief, or opinion. Opposite of subjective.
Unlike an accountant an economist measures cost on what type of a basis?
historical basis
What is important when evaluating promotional claims?
There several important considerations when evaluating promotional claims. You should focus mainly on the performance of the person in question which would serve as a good basis for promotion.
What is the control process?
is the process of assigning, evaluating,and regulating resources on an going basis to accomplish an organization's goals.
What is the process of control?
is the process of assigning, evaluating,and regulating resources on an going basis to accomplish an organization's goals.
How does accrual basis net income provide a better measure of performance than net operating cash flow?
The accrual basis provides a better performance measure because it factors in the proper timing of the bills that have been accumulated but not paid for. The cash flow only basis can give an improper performance reading as time changes.
With which concept the business profit or economic concept provides the more appropriate basis for evaluating business operations?
Businesses i know are there to maximize profit and minimize cost.On this basis,i think the business profit concept is the most appropriate basis for evaluating business operations because banks,lenders or creditors will the creditworthiness of such business if loan or any other facility has been advanced to such business to see whether they can offset such debt if given to them.
What is accrual basis accounting system?
the method that measures the performance and position of a company
How do you xxplain the concept of Performance Appraisal?
Performance appraisal is a method of evaluating the behaviour of employees in the work spot, normally including both the quantitative and qualitative aspects of job performance. It is a systematic and objective way of evaluating both work-related behaviour and potential of employees. It is a process that involves determining and communicating to an employee how he or she is performing the job and ideally, establishing a plan of improvement.Performance appraisal could be taken either for evaluating the performance of employees or for developing them. The evaluation is of two types: telling the employee where he stands and using the data for personal decisions concerning pay, promotions etc.Appraisal of employees serves several useful purposes:1) Compensation decisions: It can serve as a basis for pay raises. Managers need performance appraisal to identify employees who are performing at or above expected levels. This approach to compensation is at the heart of the idea that raises should be given for merit rather than for seniority. Under merit systems, employee receives raises based on performance.2) Promotion decisions: It can serve as a useful basis for job change or promotion. When merit is the basis for reward, the person doing the best job receives the promotion. If relevant work aspects are measured properly, it helps in minimizing feelings of frustration of those who are not promoted.3) Training and development programs: It can serve as a guide for formulating a suitable training and development program. Performance appraisal can inform employees about their progress and tell them what skills they need to develop to become eligible for pay raises or promotions or both.4) Feedback: Performance appraisal enables the employee to know how well he is doing on the job. It tells him what he can do to improve his present performance and go up the 'organizational ladder'.5) Personal development: Performance appraisal can help reveal the cause of good and poor employee performance. Through discussion with individual employees, a line manager can find out why they perform as they do and what steps can be initiated to improve their performance.
Write notes on job description?
A job description typically outlines the duties, responsibilities, qualifications, and expectations of a specific job role within an organization. It helps prospective candidates understand what the job entails, what skills are required, and what goals they will be expected to achieve. A well-written job description can attract suitable candidates, set clear expectations for performance, and serve as a basis for evaluating employee performance.
How do you explain the need of a performance appraisal?
QUES:-01 explain the need of performance appraisalPerformance appraisal is a method of evaluating the behaviour of employees in the work spot, normally including both the quantitative and qualitative aspects of job performance. It is a systematic and objective way of evaluating both work-related behaviour and potential of employees. It is a process that involves determining and communicating to an employee how he or she is performing the job and ideally, establishing a plan of improvement.Performance appraisal could be taken either for evaluating the performance of employees or for developing them. The evaluation is of two types: telling the employee where he stands and using the data for personal decisions concerning pay, promotions etc.Appraisal of employees serves several useful purposes:1) Compensation decisions: It can serve as a basis for pay raises. Managers need performance appraisal to identify employees who are performing at or above expected levels. This approach to compensation is at the heart of the idea that raises should be given for merit rather than for seniority. Under merit systems, employee receives raises based on performance.2) Promotion decisions: It can serve as a useful basis for job change or promotion. When merit is the basis for reward, the person doing the best job receives the promotion. If relevant work aspects are measured properly, it helps in minimizing feelings of frustration of those who are not promoted.3) Training and development programs: It can serve as a guide for formulating a suitable training and development program. Performance appraisal can inform employees about their progress and tell them what skills they need to develop to become eligible for pay raises or promotions or both.4) Feedback: Performance appraisal enables the employee to know how well he is doing on the job. It tells him what he can do to improve his present performance and go up the 'organizational ladder'.5) Personal development: Performance appraisal can help reveal the cause of good and poor employee performance. Through discussion with individual employees, a line manager can find out why they perform as they do and what steps can be initiated to improve their performance.
What is parta system?
Parta is the financial performance monitoring system for any organization which indicates Profit/Loss on daily basis. This helps in keeping a track of the organization on a daily basis.
What is an operating budget is .?
Provides the senior management team with an "expectations," or "goal" plan. Their performance can then be monitored on a monthly basis.
What is linear performance pricing?
The linear performance pricing is one way to identify a technical cost driver that is crucial for the product price of a sourcing category, which can then serve as the basis of objective target prices.
