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Explaining why companies use performance evaluation systems Well-designed performance evaluation systems accomplish many goals. Consider the following actions and state which goal is being achieved by the action: Comparing targets to actual results Providing subunit managers with performance targets Comparing actual results with industry standards Providing bonuses to subunit managers who achieve performance targets Aligning subunit performance targets with company strategy Comparing actual results of competitors Taking corrective actions Using the adage “you get what you measure” when designing the performance evaluation system

Explaining why companies use performance evaluation systems Well-designed performance evaluation systems accomplish many goals. Consider the following actions and state which goal is being achieved by the action: Comparing targets to actual results Providing subunit managers with performance targets Comparing actual results with industry standards Providing bonuses to subunit managers who achieve performance targets Aligning subunit performance targets with company strategy Comparing actual results of competitors Taking corrective actions Using the adage “you get what you measure” when designing the performance evaluation system

Principles of Cost Accounting
Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter9: Cost Accounting For Service Businesses, The Balanced Scorecard, And Quality Costs
Section: Chapter Questions
Problem 10E: From the following list of performance measures, label each one as Financial, Customer, Internal...
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Explaining why companies use performance evaluation systems

Well-designed performance evaluation systems accomplish many goals. Consider the following actions and state which goal is being achieved by the action:

  • Comparing targets to actual results
  • Providing subunit managers with performance targets
  • Comparing actual results with industry standards
  • Providing bonuses to subunit managers who achieve performance targets
  • Aligning subunit performance targets with company strategy
  • Comparing actual results of competitors
  • Taking corrective actions
  • Using the adage “you get what you measure” when designing the performance evaluation system
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