Which of the Following Is True About Performance Appraisals

question 89

Multiple Choice

Which of the following is true about performance appraisals?

• A) They are always associated with promotions.
• B) They inform employees about how they are doing in terms of performing their jobs.
• C) The should be conducted once a month.
• D) They are never used for employees who have been on the job for less than six months.

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Definitions:

Profit Maximize

The process by which a company determines the price and output level that returns the greatest profit, taking into account costs and demand.

Wage Rate

Wage Rate represents the standard amount of compensation a worker receives for performing a specific task or job, typically expressed per hour or per unit of work completed.

Marginal Expenditure

The additional cost incurred for producing one more unit of a good or service.

Average Expenditure

Price paid per unit of a good.