A Potential Drawback of a Trait-Oriented Performance Evaluation Is That

question 38

True/False

A potential drawback of a trait-oriented performance evaluation is that it may be biased and subjective.

Recognize explicit costs and their impact on a firm's financial statements.

Comprehend the relationship between economic profit, accounting profit, and normal profit.

Identify the components of total production costs from an economist's perspective.

Understand the difference between implicit costs and explicit costs.

---

Definitions:

Supervisors

Individuals within an organization who have the responsibility and authority to oversee the work of other employees, ensuring tasks are completed efficiently and effectively.

Performance Appraisal

A systematic evaluation of an employee's job performance and productivity in relation to pre-established criteria and organizational objectives.

360-Degree Feedback

An assessment tool that gathers performance feedback for an employee from their supervisors, peers, subordinates, and sometimes customers.

Rating Groups

Classifications used in performance appraisals that categorize employees based on their performance levels.