What Is One Method That Can Improve the Effectiveness of Self-Ratings

question 9

Multiple Choice

What is one method that can improve the effectiveness of self-ratings?

• A)Ensure confidentiality of ratings.
• B)Instruct individuals to rate themselves in absolute terms.
• C)Provide only one opportunity for self-appraisal.
• D)None - they should not be used or should be used with extreme caution.

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Definitions:

Profit and Loss Statement

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period of time, usually a fiscal quarter or year.

Common Fixed Costs

Costs that do not vary with the level of output or sales, shared among products or departments.

Investment Evaluation

The process of determining the potential returns of an investment opportunity, considering risks, costs, and benefits to make informed financial decisions.

Responsibility Centres

Divisions or departments within an organization, each managed by a supervisor who is responsible for its performance and costs.