The Validity of Comments and Ratings Related to Performance Is

question 12

Multiple Choice

The validity of comments and ratings related to performance is enhanced by:

• A)Maintenance of anecdotal notes over the entire evaluation period.
• B)Quantity of information gathered for appraisal purposes.
• C)Agreement of the employee with the ratings and comments.
• D)Whether or not other individuals have contributed to the observations.

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Definitions:

Face Rate

The interest rate stated on the face of a bond or a loan document, which determines the interest payments that the issuer will make.

Contract Rate

This refers to the interest rate stated in a contract that determines the amount of interest owed on a loan or financial agreement.

Stated Rate

The interest rate expressed in the terms of a loan or investment agreement, not necessarily reflecting the actual yield.

Effective Rate

The effective rate is the actual interest rate on a loan or financial product, taking into account the compounding of interest, as opposed to the nominal rate.