Your Roommate,a Manager for a Fast Food Chain,is Not Looking

question 43

Multiple Choice

Your roommate,a manager for a fast food chain,is not looking forward to conducting performance appraisals on his employees.In frustration he asks you what the purpose of performance appraisal is.What do you tell him?

• A)"Performance appraisal can be used to motivate employees you don't like to leave the company."
• B)"Performance appraisals are a waste of managers' time.Employees don't pay attention to feedback and the company never uses the information for anything."
• C)"Performance appraisals provide information for research into effective organizational practices."
• D)"Performance appraisals only give employees justification to ask for larger pay increases."

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Definitions:

Prices Rise

An economic phenomenon where the general level of prices for goods and services increases over time.

Futures Contract

An arrangement, enforceable by law, where individuals agree to trade a specified commodity or financial instrument at a previously established price, to be fulfilled at a specified time ahead.

Forward Contract

is a non-standardized contract between two parties to buy or sell an asset at a specified future date for a price agreed upon today.

Settlement Date

The date on which a trade is finalized, and the buyer must make payment and the seller must deliver the asset.