_____ Is a Standard of Performance in a Contract That

question 23

Multiple Choice

_____ is a standard of performance in a contract that means that the performance under the contract is scrutinized subjectively,either by a party to the contract or by a third-party beneficiary specified in the contract.

• A)Reasonable person standard
• B)Substantial performance standard
• C)Personal satisfaction standard
• D)Tender of performance
• E)Strict standard of performance

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Definitions:

Management-By-Objectives

Management-By-Objectives is a performance management approach where employees and managers define and agree on specific objectives to be achieved within a timeframe.

Performance Appraisal

A systematic evaluation process by which an employee's job performance is assessed, often influencing promotions, pay raises, and development.

Factors

elements or components that contribute to a particular outcome or situation.

Employee's Decision

The choices made by an employee regarding their job and career path, including job acceptance, resignation, or retirement.