Unlike a Traditional Performance Appraisal, a 360-Degree Review

question 169

Multiple Choice

Unlike a traditional performance appraisal, a 360-degree review

• A) is performed by experts from outside the organization.
• B) provides feedback from all around the employee, including subordinates.
• C) uses only objective measures of performance.
• D) compares the performance of each worker to every other worker.

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Definitions:

Periodic Inventory System

An inventory accounting system where updates to inventory levels and Cost of Goods Sold are made at set intervals.

GAAP

Generally Accepted Accounting Principles, which are a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.

IFRS

International Financial Reporting Standards, a set of accounting standards providing a global framework for how public companies prepare financial statements.

Ownership Of Goods

The legal right or title to possess and use goods, typically transferring from seller to buyer upon payment.