The First Step in the Performance Appraisal Process Is to

question 368

Multiple Choice

The first step in the performance appraisal process is to

• A) perform a human resource inventory.
• B) establish performance standards.
• C) analyze the jobs to see what tasks must be performed.
• D) meet with employees and discuss the overall objectives of the firm.

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Definitions:

Adequate Cash Flow

The level of cash inflow that is sufficient to cover the outflow necessities for a business to operate smoothly and meet its financial obligations.

Home Based

Pertaining to businesses or activities that are operated out of a person's residence, rather than from an external office or commercial establishment.

Small Business Administration

A U.S. government agency designed to support and assist small businesses through funding, training, and advisory services.

Number of Employees

The number of employees refers to the total count of individuals working for an organization, which can indicate the size and scope of the business.