What Is One Advantage of Using a 360-Degree Review System

question 86

Multiple Choice

What is one advantage of using a 360-degree review system?

• A) Raters do not need an understanding of the performance management system prior to completing the appraisal.
• B) Bosses are typically the least accurate of raters while co-workers tend to be the most accurate.
• C) It does not allow for inconsistencies in rater feedback.
• D) Organizations can seek input from a variety of sources.

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Definitions:

Earnings Per Share

A company's profit divided by the number of outstanding shares of its common stock, indicating the company's profitability.

Quick Ratio

A liquidity indicator that measures a company's ability to meet its short-term obligations with its most liquid assets.

Marketable Securities

Financial instruments that can be easily converted to cash, typically within one year, such as stocks or bonds.

Inventory

The raw materials, work-in-progress products, and finished goods that are considered to be part of a business's assets that are ready or will be ready for sale.