The various costs for Solomon Ski Company during the recent accounting period are determined as follows:
1. Cost per equivalent unit is $65.
2. Cost of finished goods transferred out from the finishing department is $269,750.
3. Cost of the ending WIP inventory is $15,600.
What is the cost per equivalent unit?The cost per equivalent unit refers to the average cost per unit based on the total production costs divided by the total equivalent units of production.
The equivalent units of production depend on the degree or percentage of completion for the various cost classes.
Data and Calculations:Transfer to finished goods = 4,150
Ending inventory = 480
Degree of completion of the ending inventory = 50%
Total equivalent units = 4,390 (4,150 + 480 x 50%)
Total production costs = $285,350
Cost per equivalent unit = $65 ($285,350/4,390)
Cost of finished goods = $269,750 ($65 x 4,150)
Cost of the ending WIP = $15,600 ($65 x 240)
Thus, equivalent units refer to the degree of work completed per unit.
Learn more about equivalent units of production at https://brainly.com/question/16259709
#SPJ1
The board of directors of Herbalife Nutrition approved a 2-for-1 stock split. After the split, how many shares of Herbalife stock will an investor have if he owned 1,020 shares before the split
If the board of directors of Herbalife Nutrition approved a 2-for-1 stock split. After the split, the number of shares of Herbalife stock will an investor have if he owned 1,020 shares before the split is:2,040 shares.
Using this formula to find the number of shares
Number of shares before the split = Number of shares owned × Stock split
Let plug in the formula
Number of shares before the split = 1,020 shares × 2/1
Number of shares before the split = 2,040 shares
Therefore we can conclude that the number of shares before the split is 2,040 shares.
Learn more about number of shares here:https://brainly.com/question/28539863
#SPJ1
Tom buys his with Mary a $50,000 diamond ring. When she is not wearing the ring, she keeps it in a safe deposit box at a local bank. this is an example of risk
a. avoidance
b. reduction
c. retention
d. transference
Tom buys his with Mary a $50,000 diamond ring. When she is not wearing the ring, she keeps it in a safe deposit box at a local bank. This is an example of risk management.
By storing the ring in a secure location, Mary is protecting it from theft, loss, or damage.
In order to reduce, monitor, and control the likelihood or impact of unpleasant events or to optimise the realisation of possibilities, risk management involves the identification, evaluation, and prioritising of risks. This is followed by the coordinated and efficient use of resources.
To know more about Risk Management here
https://brainly.com/question/4680937
#SPJ4
What is the present value of the following cash flow stream at a rate of 15.0%?
Years: 0 1 2. 3 4 CFs: $0 $1,500 $3,000 $4,500 $6,000
The present value of the following cash flow stream at a rate of 15.0% is $8,717.20.
What do you mean by cash flow?
Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. It is the difference between the incoming cash (from sales, investments, and loans) and outgoing cash (such as for operating expenses, debt payments, and dividends). Positive cash flow indicates that a company's liquid assets are increasing, while negative cash flow indicates the opposite.
The present value of a cash flow stream is the sum of the present values of each individual cash flow. The present value of a cash flow at a rate of 15.0% can be calculated using the formula PV = CF/(1+r)^t, where CF is the cash flow, r is the rate, and t is the time period.
For the first cash flow of $1,500 at time 0: PV = 1500/(1+0.15)^0 = $1,500
For the second cash flow of $3,000 at time 1: PV = 3000/(1+0.15)^1 = $2,608.69
For the third cash flow of $4,500 at time 2: PV = 4500/(1+0.15)^2 = $3,260.18
For the fourth cash flow of $6,000 at time 3: PV = 6000/(1+0.15)^3 = $3,164.93
The sum of the present values is then $1,500 + $2,608.69 + $3,260.18 + $3,164.93 = $8,717.20.
Hence, $8,717.20 is the present value of the following cash flow stream at a rate of 15.0%.
To know more about cash flow,
https://brainly.com/question/28299290
#SPJ4
Predict what will happen to the money supply if there is a sharp rise in the currency ratio.
A. The money supply falls
B. The money supply increases
C. The money supply stays the same
D. The effect on the money supply is ambiguous
The money supply falls if there is sharp rise in the currency ratio.
What is money supply?The entire amount of cash and other liquid assets in an economy on the measurement date is referred to as the money supply. The money supply roughly consists of both physical money and deposits that are practically as easy to reach as physical money. Governments issue coin and paper money through a combination of national treasuries and central banks. Bank regulators have an impact on the quantity of money that is available to the general public by enforcing reserve holding requirements on banks, setting rules for how to extend credit, and managing other monetary concerns. Economists research the money supply and design policies based on it by modifying interest rates and the amount of money flowing through the economy.
To learn about money supply, visit:
https://brainly.com/question/13105661
#SPJ1
Suppose you recently sold your used car. Assume that no new production was involved in this transaction.
Wealth was created because the value of your willingness to sell was __________ the buyer's willingness to pay.
Suppose you recently sold your used car. Assume that no new production was involved in this transaction.Wealth was created because the value of your willingness to sell was greater than the buyer's willingness to pay.
The value of all the valuable assets that a person, group of people, business, or nation owns is measured as wealth. The total market worth of all held tangible and intangible assets is calculated, and all debts are then subtracted. Wealth is essentially the accumulation of limited resources.
Hence the correct answer is greater than .
To know more about assets here
https://brainly.com/question/13848560
#SPJ4
For which of the following industries would job-order costing most likely not be appropriate?
a. Small business printing.
b. Cereal production.
c. Home construction.
d. Aircraft assembly.
For 'small business printing' job-order costing most likely not be appropriate.
What do you mean by small business?
Small businesses are businesses that have fewer than 500 employees and typically are independently owned and operated. They can range from sole proprietorships to larger companies with a few employees. Small businesses often rely on the owner's personal resources and do not have access to the same resources as larger businesses.
Job-order costing is designed to allocate costs to specific customer orders. This type of costing typically works best in manufacturing or construction environments, where a specific product or piece of work is produced for a customer. Small business printing does not involve making a specific product or piece of work for each customer, so it would not be appropriate to use job-order costing.
Hence, option A is correct.
To know more about small business,
https://brainly.com/question/28520481
#SPJ4
The us government would most likely get involved in which economic issue?
Answer: The United States government is most likely to get involved in economic issues related to taxation, trade, labor, and the regulation of businesses. Additionally, the government may get involved in other economic issues such as poverty, unemployment, inflation, and the national debt.
Mandatory spending refers to programs in the U.S. federal budget that:
Mandatory spending, also known as direct spending, is mandated with the aid of existing laws.
This type of spending consists of funding for entitlement applications like Medicare and Social Security and different repayments to people, businesses, and state and local governments.
What is mandatory spending in the federal price range apex?Mandatory spending performs a massive function in large fiscal trends. During monetary downturns, authorities revenues fall and bills upward jab as greater humans come to be eligible for mandatory applications such as Unemployment Insurance and Income Security programs. T
his reasons deficits to increase or surpluses to shrink.bt. Mandatory spending bills for about two-thirds of all federal spending.
What are three programs that make up most mandatory spending?Many programs that provide benefits to individuals are classified as mandatory spending, such as Social Security, Medicare, and Medicaid.
Learn more about most mandatory spending here:
https://brainly.com/question/9301370
#SPJ1
Write the equation for each line that passes through (1, 2) and has a) Slope 2/3
2x-3y=-4 is the equation for the line that passes through (1,2) with a slope of 2/3.
What is an equation?The definition of equations in algebra is a quantitative statement that demonstrates the equality of two mathematical expressions. For instance, the equation 3x + 5 = 14 consists of the two equations 3x + 5 and 14, which are separated by the 'equal' sign. A mathematical statement made up of an equal sign across two algebraic expressions with the same value is known as an equation. One or more variables are present in even the simplest and most frequent algebraic equations in mathematics.
To know more about Slope visit:
https://brainly.com/question/3605446
#SPJ1
How many possible IRRs could you find for the following set of cash flows?
Time 0 1 2 3 4
Cash Flow –$ 10,000 $ 5,350 $ 4,180 $ 1,520 $ 2,000
we can calculate 1 IRR for the given set of cash flows, and it is 14.727%
What is IRR?The internal rate of return (IRR) is a metric used in financial analysis to estimate the profitability of potential investments. IRR is a discount rate that makes the net present value (NPV) of all cash flows equal to zero in a discounted cash flow analysis.
IRR calculations rely on the same formula as NPV does. Keep in mind that IRR is not the actual dollar value of the project. It is the annual return that makes the NPV equal to zero.
Generally speaking, the higher an internal rate of return, the more desirable an investment is to undertake. IRR is uniform for investments of varying types and, as such, can be used to rank multiple prospective investments or projects on a relatively even basis. In general, when comparing investment options with other similar characteristics, the investment with the highest IRR probably would be considered the best.
To learn more about IRR visit:
https://brainly.com/question/23555947
#SPJ4
to compute cash flows from financing activities, accountants normally analyze changes in all of the following accounts except: multiple choice question. interest payable common stock bonds payable notes payable retained earnings
To compute cash flows from financing activities, accountants normally analyze changes in all of the following accounts except interest payable.
The cash flow statement is one of three major financial statements that show the financial health of a company. The balance sheet and income statement are the other two important statements. The balance sheet depicts the assets, liabilities, and shareholder equity as of a specific date. The income statement, also recognized as the profit and loss statement, details a company's income and expenses. The cash flow statement calculates how much money a company makes or spends in a given period. The cash flow statement is divided into three sections .Investors can also learn about CFF activities by reading the balance sheet's equity and long-term debt sections, as well as the footnotes.
To learn more about financing activities refer here
brainly.com/question/16377227#
#SPJ4
which of the following items would be subtracted from net income when reporting cash flows from operating activities, using the indirect method? (check all that apply.) multiple select question. decrease in taxes payable increase in accounts payable decrease in wages payable increase in unearned fees
Increase in Accounts Payable and Decrease in Wages Payable items would be subtracted from net income when reporting cash flows from operating activities, using the indirect method.
The indirect method of reporting cash flows from operating activities subtracts any increases in liabilities from net income, and adds any decreases in liabilities. Therefore, increases in Accounts Payable and decreases in Wages Payable, both liabilities, need to be subtracted from net income when reporting cash flows from operating activities using the indirect method.
Decrease in Taxes Payable and Increase in Unearned Fees do not need to be subtracted from net income when reporting cash flows from operating activities using the indirect method.
Hence the correct options are Increase in Accounts Payable and Decrease in Wages Payable .
To know more about accounts here
https://brainly.com/question/22917325
#SPJ4
Which of the following is true about the importance of effective communication to your career and to the companies where you will work?
A) Communication is important for most jobs except technical ones such as engineering or finance.
B) The higher you rise in your organization, the more time you spend using the technical skills of your profession and the less time you spend communicating.
C) Good communicators are generally more difficult to find than good accountants, good engineers, or good attorneys
.D) Good communication has not been linked to financial advantages for companies.
Option C is correct. Good communicators are generally more difficult to find than good accountants, good engineers, or good attorneys.
Importance of effective communication to your career and to the companies where you will work?Effective communication is the process of exchanging information and ideas in a clear, concise, and timely manner. It involves understanding the message being conveyed and ensuring that the message is received and understood by the intended audience. Effective communication also involves active listening, feedback, and the ability to adjust the communication style to suit the audience and the situation.
Effective communication is important to your career and to the companies where you will work because it helps to build and maintain relationships, convey information and ideas, and resolve conflicts. It is also essential for teamwork, problem-solving, and decision-making. Good communication skills can lead to better job performance, career advancement, and increased job satisfaction. Furthermore, companies with effective communication tend to have lower employee turnover, higher productivity, and better customer satisfaction. Therefore, effective communication is a crucial skill in any profession and at any level of an organization.
To know more about effective communication visit:
https://brainly.com/question/1423564
#SPJ4
In which one of the following market models is X-inefficiency least likely to be present? a. Pure Competition b. Oligopoly c. Monopolistic Competition d. Pure Monopoly
Pure Competition market models is X-inefficiency least likely to be present.
What is pure competition?In economics, more specifically general equilibrium theory, an ideal market, also known as an atomic level market, is defined by a number of idealizing conditions that collectively are referred to as competitive equilibrium, or atomistic competition. a situation in marketing where a lot of businesses offer the same service and are unable to set themselves further apart; as a corollary, no business has a significant impact on price.
Additional current factors include the simplicity with which new enterprises can enter the sector and excellent market understanding. In an unadulterated market competition, all commodities are equivalent. Products may have packaging, color, and shapes that resemble one another even if they are not precisely the same. Customers typically buy everything since products are comparable and they may not have any preferences.
To learn more about pure competition click on the given link:
brainly.com/question/13446022
#SPJ4
The most attractive way to reduce or eliminate the impact of paying tariffs on pairs imported to a company's distribution warehouse in Latin America is to a. pursue a strategy of selling fewer pairs in Latin America than rival companies, which will then keep the company's costs for import tariffs in Latin America lower than those of rivals and give the company a low tariff cost advantage on its sales in Latin America. b. simply stop selling branded and private-label footwear in Latin America. c. only sell the company's branded footwear at its Internet site for Latin America, no import tariffs have to be paid on Internet sales--import tariffs only have to be paid on footwear shipped from the company's Latin America warehouse to footwear retailers in Latin America d. pursue a strategy of only selling footwear with an S/Q rating of just 1 star or 2 stars in Latin America--no tariffs have to be paid on imported branded footwear having an S/Q rating of 2-stars or below e. build a production facility in Latin America and then expand its capacity as may be needed so that the production facility has the capability to supply all (or at least most) of the branded and private-label pairs the company intends to try to sell in Latin America
e. build a production facility in Latin America and then expand its capacity as may be needed so that the production facility has the capability to supply all (or at least most) of the branded and private-label pairs the company intends to try to sell in Latin America.
What are paying tariffs?
A tariff is a tax that a government imposes on goods and services imported from other nations to raise prices and reduce the appeal of imports or at the very least their competitiveness, compared to domestic products and services. A levy imposed on a good imported from another country serves as an illustration of a tariff. For instance, a 3% tariff on corn would mean that any local importer of grain from a foreign country would have to pay an additional 3% tax on top of the price of corn. Since they are the ones who create the policy and receive the funding, the importing nations benefit the most from tariffs. The main advantage of taxes is that they generate income from imported products and services.
To learn more about tariffs click on the given link:
https://brainly.com/question/11438245
#SPJ4
The most attractive way to reduce impact of paying tariffs build a production facility in Latin America and then expand its capacity as may be needed so that the production facility.
It has the capability to supply all of the branded and private label where the companies intend to try to sell in latin America.
Option E is correct.
What is a distribution warehouse?A distribution warehouse is a specific type of warehouse designed to stage goods at the end of the supply chain. When items are already manufactured and ready to be distributed to retailers, a distribution center is he one of the places to find them.
What is the meaning of distribution?Sales is a critical component of operations because without a role to track and improve the relationship between manufacturers and customers, companies cannot guarantee the best possible service.
What are the functions of a distribution warehouse?A distribution center is a specialized warehouse that strategically stores finished goods, streamlines the picking and packing process, and acts as a hub for shipping goods to another location or final destination.
Learn more about distribution warehouse:
brainly.com/question/14336854
#SPJ4
Selected financial data for Amberjack Corporation follows.
Financial Data includes all market and financial data, price quotes, news, analyst predictions, study findings, signals, graphs, and other data and information made available through the Trading Platform.
Decimal place definition
A decimal number is one with a whole number and a fractional component that are separated by a point. Examples include 3.5, 6.79, 78.32, etc. The decimal point separates the whole number 42 from its fractional component in the above illustration. Forty Two Point Eight Five is how it is written verbally.
The ones place is the decimal place that is one after the decimal point. The tenths place is located one place after the decimal point. To determine where the decimal is, keep an eye on the 9
To learn more about decimal number refers to:
https://brainly.com/question/4708407
#SPJ1
when the exchange rate between two currencies freely floats, the governments will deflate their currency to increase exports balance of payments will always favor current accounts exchange rate equalizes the quantity demanded and quantity supplied of each currency demand curves for the currencies will slope upward sum of the current account and the capital and financial account will be one
When compared to pegged regimes, a floating exchange rate may cause currency fluctuations that are larger and more frequent.
If market conditions are chaotic, the monetary authority only occasionally intervenes to change the exchange rate's level in a freely floating regime.
What does it imply that a currency can freely float?An exchange rate system in which a nation's currency price is determined by the relative supply and demand of other currencies is referred to as a floating exchange rate. Contrary to currencies with fixed exchange rates, currencies with floating exchange rates can be traded without restriction.
What factors determine a freely fluctuating exchange rate's value?Demand and supply are the two factors that determine exchange rates in a free-floating system. In a managed float system, demand and supply determine exchange rates, but governments can buy or sell currencies to try to change exchange rates.
To learn more about floating exchange rate here:
https://brainly.com/question/28272902
#SPJ4
Which of the following statements is true? a. Positive statements answer questions like "What will happen if ..." Normative economic state ments answer questions like "What ought to hap- pen to ..." b. Normative statements answer questions like "What will happen if...3" Positive economic statements answer questions like "What ought to happen to...? c. Most modern economics is based on normative analysis.
Positive statements answer questions like "What will happen if ..." Normative economic statements answer questions like "What ought to happen to ..." is true.
What do you mean by Normative statements in economics?
Normative statements in economics are statements that express a value judgment about economic policy. These statements make assumptions about what is desirable or good for society, and are often used to make economic arguments. They can also be used to express opinions about economic conditions or theories. Examples of normative statements include "The government should raise taxes to reduce the budget deficit" and "Inflation is bad for the economy".
Hence, Option A is true.
To know more about Normative statements,
https://brainly.com/question/30158206
#SPJ4
i need to have a paper written that is about using time wisely. please help i need this before this class ends
The paper written that is about using time wisely is given below
Using Your time wiselyUsing time wisely is a crucial skill that can help individuals achieve their goals and lead more productive and fulfilling lives. Effective time management involves setting clear priorities, developing a plan of action, and making the most of the time available.
One of the most important aspects of using time wisely is setting clear priorities. This means identifying the most important tasks and activities and focusing on them first. For example, if a student has a big exam coming up, they should prioritize studying for that exam over other activities.
Another key aspect of using time wisely is developing a plan of action. This means breaking down a task or goal into smaller, more manageable steps and creating a schedule or timeline for completing each step.
Finally, using time wisely also involves being strategic and intentional with how we use our time. That means, avoiding distractions, setting boundaries, and being mindful of how you spend your time.
Learn more about time management from
https://brainly.com/question/24662469
#SPJ1
What people make up the vast majority of those who gamble.
agile development methodology aims at reducing the modeling and documentation overhead in is projects, while emphasizing simple, iterative application development.
a. true
b. false
The given statement, "agile development methodology tend to aim at reducing the modeling and documentation overhead in is projects, while emphasizing simple, iterative application development", is true because it aims at overhead in projects.
Agile methodology is said to be designed in order to reduce the time and the effort needed to analyze, plan, and execute a project by embracing iteration, collaboration, and communication. It can help reduce the amount of modeling and documentation required.
However, while still ensuring that each task and feature is developed with the highest possible quality. Thus, the agile development methodology tend to aim at reducing the modeling and documentation overhead in is projects.
Hence, option A is correct.
To learn more about the overhead here:
https://brainly.com/question/29037936
#SPJ4
5 year career development plan
1.Introduction
2.Kinds of plan
3.Propose of planning
4.Goals & Objectives
5.Strategies
6.Procedures/steps in planning
7.Budgets
A five-year plan is a list of the objectives you wish to accomplish professionally or personally during the following five years.
What is Career developement ?It often comprises general objectives that are broken down into action items and milestones in the areas of work, relationships, health, and finances.
Your present employment can help you develop skills for your next job by using the Five-Year Career Plan. The goal of your five-year plan is to support your development, growth, and advancement.
It is very much an individual and personal strategy. Once you have a strategy in place, schedule a meeting with your manager, mentor, family members, or other relevant parties to get their assistance in helping you reach your objectives.
When making goals, always make sure they are SMART (Specific, Measurable, Attainable, Realistic, and Time-bound).
Learn more about Career developement here
https://brainly.com/question/12521675
#SPJ1
In this lesson, you will Introduction Insurance: a form of 2 management; protection that guarantees you are paid in the event of financial Carric Insurance (carrier): insures your things for you Premium: an amount of money charged for insurance, based on the SURED the insured item a document that notes the specifics of insurance cover the policy for which the item, property, or person is insure for compensation for her loss. Insurance Policyholder:
If the market supply of labor increases, the total wage income will increase if the
O demand for labor is elastic.
O demand for labor is inelastic.
O supply of labor is elastic.
O supply of labor is inelastic.
If the market supply of labor increases, the total wage income will increase if the 'demand for labor is elastic'.
What do you mean by Labor?
Labor is physical or mental work or effort done in order to achieve a purpose or result. It is often used to refer to the work done by employees for their employer in exchange for wages or salary. It can also refer to the activity of doing something that requires a lot of effort or energy.
If the market supply of labor increases, it means that there are more workers available to work. If the demand for labor is elastic, it means that employers will be willing to pay more for the additional labor. This will result in an increase in the total wage income for workers.
Hence, option A is correct.
To know more about labor,
https://brainly.com/question/13345754
#SPJ4
5 year career development plan
1.Introduction
2.Kinds of plan
3.Propose of planning
4.Goals & Objectives
5.Strategies
6.Procedures/steps in planning
7.Budgets
The Five-Year Career Plan is designed to help you develop skills in your current job or to prepare for your next job. Your five-year plan is very much an individual and personal plan, and is designed to facilitate your growth, development and advancement.
How would you define a career?A career is when you continue doing the same kind of work. One job or several jobs might make up a career. You could work for a single business or several. Sometimes a "career path" is used to describe a career. Education, training, and professional experience all go into a career.
What does a life career entail?The range of experiences you've had throughout your life make up your career. You are developing your career as you accumulate more job and life experience. Your education, training, and paid or unpaid employment all factor towards your career path.
To know more about Career visit:
brainly.com/question/30040900
#SPJ1
To decide whether the slope coefficient indicates a "large" effect of X on Y. you uy variable in regression model is normally distributed look at the A) size of the slope coefficient B) regression R2 C) economic importance implied by the slope coefficient D) value of the intercept
uy variable in a regression model is normally distributed look at the economic importance implied by the slope coefficient.
What does a regression line's slope coefficient tell us?
A line's slope and intercept give information on its steepness and the point where it crosses an axis, respectively. The linear relationship between two variables is defined by the slope and intercept, which can be used to calculate the average rate of change.
The slope coefficient of a model of simple linear regression calculates the change in Y that the model predicts for a unit change in X and the change in X that now the model predicts for a unit change in Y.
Therefore, For any given value of X, the Y/X ratio represents the value of Y.
Learn more about the regression model from the given link.
https://brainly.com/question/14983410
#SPJ4
Explain two ways in which cash flow forecasting can help a business to plan for success.
Your company may foresee future cash shortfalls and prevent missed payments with the help of accurate financial projections. Business owners can plan ahead with the help of cash flow projections by fine-tuning their payment and collection methods, selling off assets, or approaching lenders to help them.
Which two advantages do cash flow forecasts have?The ability to distinguish between two important financial measures, profit and cash flow, is provided by cash flow forecasting. For any business owner to know how much cash is accessible in the bank at any one time, under any given circumstance, they must be aware of their past, present, and future cash positions.
why a company's success depends on its ability to estimate cash flow?For organizations to be able to make wise strategic decisions, cash flow forecasting is crucial because it provides
To know more about company visit:
https://brainly.com/question/29354835
#SPJ1
4. Jaden has been put in charge of taking meeting notes for the first time. What best
practices should he use to take notes? What are three things he needs to keep in mind
when taking these notes?
Best practices Jaden should use to take meeting notes include: Date and time of meeting. Participant's name. Purpose of meeting. Agenda items and topics to be discussed. Date and place of next meeting. Documents attached to the report of the meeting.
What are meeting notes?Meeting Notes is exactly what the name suggests. It's a memo. These are quick references to ideas, goals, deadlines, dates, and other important things covered at the meeting. However, protocols are more formal and often include: Participant list for the entire meeting
Why are meeting notes important?Meeting notes are important. Because when you write or type something, you have to listen and absorb the information you hear. Recording information encourages you to analyze what you hear and increases your ability to retain important information from meetings.
To learn more about meeting visit:
https://brainly.com/question/28963180
#SPJ1
Which of the following are components generally included in a company's business plan:
A.Marketing plan, summary, and franchise agreement
B.Company description, financial plan, and marketing plan
C.Management plan, licensing contract, and annual
Answer:
A
Explanation:
Only one that makes sense.
What are two advantages to rating attributes as a way to measure performance?
The two advantages to rating attributes as a way to measure performance are:
It links an individual's results with the organization's strategies and goals. It helps avoid the tendency to rank everyone near the center of the rating scale.What advantages do ranking systems offer?The primary benefit of the ranking evaluation method—and the main reason it was created in the first place—is that it allows for the rapid identification of individuals who excel at achieving the core objectives of the firm.
Rankings might be a useful place to look first when looking for organizations to connect and interact with. A partner with a high ranking can help an institution's reputation.
Learn more about performance at:
https://brainly.com/question/1532968
#SPJ1