Rating Goals Is Important Because It

question 3

Multiple Choice

Rating goals is important because it:

• A) gives credit to individuals for trying difficult tasks.
• B) gives a comprehensive assessment of overall performance.
• C) allows employees to set hard goals and only partially achieve them.
• D) allows a manger to evaluate an employee who accomplishes only an easy task.
• E) all of the above

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Definitions:

Majority Voting

A voting system where decisions are made and actions are taken based on the preferences of the majority of voters, often applied in democratic governance and organizational decision-making.

Rent-Seeking Behavior

Actions by individuals or businesses to increase their own wealth without contributing to productivity or value creation, often through political manipulation or exploitation of resources.

Irrational Preferences

Choices or decisions that are not in line with conventional logic or economic efficiency.

Public Good

is a good that is non-excludable and non-rivalrous, meaning no one can be excluded from its use, and one person's use does not reduce its availability to others.