Which of the Following Statements Defines a Performance Appraisal

question 37

Multiple Choice

Which of the following statements defines a performance appraisal?

• A) It is the general set of activities carried out by an organization to improve employee performance.
• B) It is the set of experiences and activities that people engage in related to their job and livelihood over the course of their working life.
• C) It is the specific and formal evaluation of an employee to determine the degree to which the employee is performing his or her job effectively.
• D) It is a phase of career planning in which individuals carefully analyze what they perceive to be their own abilities, competencies, skills, and goals.

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Definitions:

Indirect Costs

Costs not directly tied to a specific product, project, or activity, such as utilities, rent, and administrative expenses that support the overall operation.

Factory Equipment Depreciation

This is the process of allocating the cost of factory equipment over its useful life, thereby reducing its value due to wear and tear, or obsolescence.

Direct Costs

Expenses that can be directly tied to the production of specific goods or services, such as raw materials and labor.

Indirect Costs

Expenses not directly related to the production of goods or services but necessary for operations, such as utilities or administration.