Q10RQ - Horngren'S Financial And Managerial Accounting

Question

What are the goals of a performance evaluation system?

Step-by-Step Solution

Answer

Promoting goal unity and coordination.

Meaning of the Performance evaluation system

The performance assessment system provides a foundation for retaining control over the entire business for senior management. Evaluating an employee's execution includes looking at how well they are carrying out their obligations and progressing corporate objectives.

Goals of a performance evaluation system

Promoting goal unity and coordination, conveying expectations, inspiring segment managers, benchmarking, and giving feedback are the objectives of the performance assessment system.