MHR 505 Chapter Notes -Reward System

• How does having effective performance methodologies allow a firm to adequately measure economic performance? What is the role of an effective transfer pricing methodology in allowing effective performance measurement?

How are budgets part of both the performance measurement systemand the performance reward system? Do organizations utilizespecific tools in tying actual results to measure performance?

• What is the role of a performance measurement system? Describe your personal experiences with performance measurement in the workplace.