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How do computers help businesses?

Managers in business use computers to help them make decisions. Based on data computers computer, managers can make quicker decisions for the business.


What are the main sources and types and a critical evaluation of each of finance available to small private companies based in the UK?

sources of finance


Cost accountant duties?

A cost accountant is responsible for assigning cost to products. They have to be accurate because managers will make decisions based on this information.


What is a performance based income?

Performance-based income is a type of compensation that is directly tied to an individual's performance or results. It's a pay structure in which the amount of income earned is dependent on the individual's success in meeting specific goals, targets, or objectives. This type of compensation is common in sales and commission-based roles, where an individual's income is directly tied to the amount of sales they make. In these cases, an employee may receive a base salary plus a commission on each sale they make. Performance-based income can also be found in other industries, such as finance, where an investment manager may earn a percentage of the returns generated by their portfolio. In some cases, performance-based income may also include bonuses, stock options, or other incentives that are tied to an individual's performance. The advantage of performance-based income is that it can provide a strong incentive for individuals to work hard and strive for success, which can lead to improved performance and better results for the company. However, it can also create a high-pressure work environment, and may not be suitable for everyone. My recommendation:πŸ„·πŸ…ƒπŸ…ƒπŸ„ΏπŸ…‚://πŸ…†πŸ…†πŸ…†.πŸ„³πŸ„ΈπŸ„ΆπŸ„ΈπŸ…‚πŸ…ƒπŸ„ΎπŸ…πŸ„΄24.πŸ„²πŸ„ΎπŸ„Ό/πŸ…πŸ„΄πŸ„³πŸ„ΈπŸ…/307348/πŸ…ˆπŸ„ΎπŸ…„πŸ…πŸ…‚πŸ…ƒπŸ…πŸ…„πŸ„»πŸ…ˆπŸ„ΊπŸ„½πŸ„ΎπŸ…†πŸ„»πŸ„΄πŸ…‚/


What is the difference between traditional based costing and activity based costing?

Traditional based costing systems typically use a single overhead pool - that is a single accumulation of costs that are not directly identifiable as product part costs or as labor. This would include supply and maintenance expenses, allocations of management salaries, depreciation, etc. Activity based costing utilizes a lot of smaller more targeted cost buildups that are accumulated based on "activities". For instance, if purchase orders are only required from some vendors, then the cost of p.o. preparation and mailing is included in a small overhead pool that is only allocated to the products that use those parts. If a machine setup process is only needed for the processing of certain parts, then the cost of the setup is included in the pool for only those parts, etc. Some advantages for the (ABC). 1. It facilitates delegation of decision making. 2.It helps management promote the concept of management by objective in which managers agree on a set of goals. 3. It provides a guide to the evaluation of performance and helps to establish standard of performance, which are then used for comparison purpose. 4. It permits effective use of the concept of management by exception which means that the manager's attention is concentrated on the important deviations.

Related Questions

What is the measurement and evaluation style in Philippines?

Measurement and evaluation in the Philippines occurs from the use of testing. Assessments can be observational or performance based to assess students' performances


Do workers at Best Buy receive commissions?

No, they are non-commissioned. However, managers and supervisors get performance based bonuses.


What does the term "grading on a curve" mean and how does it impact the evaluation of student performance?

"Grading on a curve" means adjusting students' grades based on the performance of their peers. This can impact student evaluation by potentially raising or lowering grades to fit a predetermined distribution, rather than solely based on individual achievement.


What are the key steps in the performance appraisal process?

The performance appraisal process involves several key steps to evaluate employee performance effectively. Setting Clear Objectives: At the beginning of the appraisal period, managers and employees establish specific, measurable goals that align with organizational objectives. Ongoing Monitoring and Feedback: Throughout the evaluation period, managers monitor performance, provide regular feedback, and address any issues as they arise. Self-Assessment: Employees often complete a self-assessment, reflecting on their accomplishments, strengths, and areas for improvement. Manager’s Evaluation: The manager reviews the employee's performance based on set objectives, behaviors, and achievements using specific criteria. Performance Review Meeting: A formal meeting is conducted where the manager and employee discuss the evaluation, provide feedback, and identify areas for development. Development Plan: Based on the review, a development plan is created to address skill gaps and improve future performance. Documentation and Follow-Up: The performance appraisal process is documented, and timely follow up the development plan. This process fosters growth, aligns performance with organizational goals, and enhances employee engagement.


In which section of the senior rater portion of an evaluation report?

The senior rater portion of an evaluation report typically includes an assessment of the rated officer's performance and potential for promotion. This section offers the senior rater's overall evaluation and recommendations based on the officer's performance and potential in their current role and future assignments.


What causes failure of performance-based work performance plans?

Failure happens when managers do not manage to measure, do not coach employees, do not support the system, do not negotiate measures and goals, and do not help design performance improvement plans.


Does petsmart store managers make commission or bonus?

Yes the entire management team gets bonuses based on store performance


What makes evaluation of teaching performance a difficult and complex process?

The evaluation of teaching performance is difficult and complex because it involves assessing multiple dimensions, such as instructional effectiveness, feedback mechanisms, classroom management, and student engagement. Additionally, teaching effectiveness is subjective and can vary based on individual perspectives and biases. Gathering comprehensive and objective data to evaluate teaching performance can also be challenging due to the different methodologies and tools used for evaluation.


The concept of physical fitness is based on an evaluation of an individual's performance on tests which include motor skills and physical fitness measures?

the answer is TOTAL FITNESS!


What should be the curriculum for telecommuters?

keyboarding, work environment, office automation, time management, performance-based evaluation, decision making, and ethics.


What is the performance diagnostic checklist?

A set list of questions asked of employees and managers at businesses that determine areas of improvement in performance. This is most often used to identify the most effective behavioral based intervention.


Who conducted the curriculum evaluation of the school?

The curriculum evaluation of the school was conducted by an external team of education specialists and evaluators. They assessed the curriculum based on educational standards, learning outcomes, student performance data, and feedback from teachers and students to provide a comprehensive evaluation report.