The Relative Performance Evaluation Approach Advocated by the Beyond Budgeting

question 30

Multiple Choice

The relative performance evaluation approach advocated by the Beyond Budgeting philosophy means employees' performance is evaluated against:

• A) their own past performance
• B) peer performance
• C) benchmarks established by top management
• D) customized budgetary targets

---

Definitions:

Lack of Responsibility

A situation or condition where individuals or groups fail to be accountable for their actions or duties, potentially leading to negative outcomes.

Warning

An alert or notification about potential danger, risks, or undesirable outcomes, intended to prompt preventative action.

High-Level Position

A role or job that is of significant importance or hierarchy within an organization, often involving leadership responsibilities and strategic decision-making.

Prestige

Refers to the high standing or respect gained by accomplishments, influence, or wealth in society or a specific field.