The Information Contained in Performance Appraisals Helps Managers

question 184

Multiple Choice

The information contained in performance appraisals helps managers

• A) write job descriptions.
• B) compute the firm's overall performance in terms of a rate of return on investment.
• C) evaluate job applicants.
• D) make decisions about promotions, compensation, training, and firing.

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Definitions:

Variance

A measure of the dispersion of a set of data points around their mean; shows how much the data vary from the average.

Binomial Distribution

A probability distribution that summarizes the likelihood of a variable to take one of two independent values under a given number of iterations.

Distribution of X

Refers to the way values of the variable X are spread or distributed across possible outcomes, showing the frequency of each value.

Speed Limits

Legal maximum or minimum speeds set for vehicles on particular roads to ensure safety.