Answered: performance evaluation

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

1. Explain the concept of performance evaluation and control system.
2. Enumerate the advantages of performance evaluation and control system.
3. Explain the rationale of transfer pricing.
4. What is return on investment, and how is it calculated?
5. What are the advantages and limitations of return on investment?
6. What are the measurement issues to be concerned about when using return on investment?
7. Define productivity.
8. Why is it important for a firm that follows a strategy of being the cost leader to improve productivity?
9. What is incentive compensation?
10. What type of organization is best suited to incentive compensation plans?

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