The Main Purpose of Performance Appraisal Is to ________

question 2

Multiple Choice

The main purpose of performance appraisal is to ________.

• A)keep management up to date about the possibilities for filling a position from within
• B)refine work methods,reduce production costs,and increase the level of organizational diversity
• C)furnish feedback to organization members about how they can become more productive and useful to the organization in its quest for quality
• D)eliminate barriers and increase opportunities for the purpose of increasing the utilization of underutilized and/or disadvantaged individuals
• E)narrow a large field of prospective employees to a relatively small group of individuals from which someone eventually will be hired

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Definitions:

Inventory Carrying Charge

The total cost associated with holding inventory in stock, including storage, insurance, taxes, depreciation, and opportunity costs.

Order Quantity

The number of units ordered at once from a supplier, balancing between holding costs and ordering costs to achieve optimal inventory levels.

Inventory Policy

Guidelines or rules set by a business to manage and control levels of inventory and order timings.

Service Level

A measure of the performance of a system's ability to serve customers, typically involving availability and responsiveness.