Business Finance - Management Homework

Performance Management

Use  The Wall Street Journal or another reputable business source to find an article related to performance management or employee evaluation. Provide a link to the article and discuss it, using the prompts below:

· Explain the approach to performance management or employee evaluation described in the article.

· As a manager, what aspects of this approach would you use to enhance the performance of employees? Why?

· What would you do differently, and why?

Costing Systems and Analysis

Option 1

Discuss the usage and creation of standard costs by your operation. How are these costs developed? How can they be used in the creation of a forecast? How can these be used in an individual or organizational measurement system?

- OR -

Option 2

Discuss a current business activity that you or your department does that could be improved by leveraging Variance Analysis. Discuss the perspective you could gain, and what a "favorable price" and a "favorable quantity" variance mean in this application.