What Is Critical for a Performance Management System to Have

question 117

Multiple Choice

What is critical for a performance management system to have that is applied to everyone in the work unit?

• A) flexibility in standards
• B) measurable work criteria
• C) a ranking system
• D) a qualitative performance objective

---

Definitions:

Managers

Individuals who are responsible for directing and overseeing the operations and strategies of an organization or its parts.

Priority Establishment

The process of determining the importance or urgency of various tasks or projects, often used in strategic planning and project management.

Retention Ratio

The retention ratio is a financial metric indicating the percentage of net income that is retained by a company, rather than being paid out as dividends. It reflects a company’s reinvestment rate.