A 360-Degree Appraisal Is the Process of Using Multiple Sources

question 50

Multiple Choice

A 360-degree appraisal is the process of using multiple sources of appraisal to gain a comprehensive perspective on one's performance. In this process, feedback is obtained from multiple sources except for

• A) subordinates.
• B) peers.
• C) superiors.
• D) customers.
• E) every level involved with the employee.

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Definitions:

Taxed

The act of imposing financial charges on individuals or entities by a governmental organization in order to fund public spending.

Coase Theorem

A principle that suggests that if property rights are well-defined and transaction costs are negligible, parties will negotiate to correct externalities without the need for government intervention.

Externality Problems

Issues arising when the actions of individuals or firms have effects on third parties that are not reflected in market prices.

Cost-Benefit Analysis

An organized method for assessing the positives and negatives of various alternatives, aimed at finding the optimal solution that maximizes benefits and maintains savings.