When Comparing Performance Tools Such as Return on Investment and Residual

question 152

Multiple Choice

When comparing performance tools such as Return on Investment and Residual Income,

• A)ROI is superior to RI.
• B)RI is superior to ROI.
• C)blending ROI and RI will eliminate the weaknesses inherent in both methods.
• D)management must be clear in recognizing that each method has strengths and weaknesses.

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Definitions:

Performance Management System

A systematic approach an organization uses to improve and promote the effectiveness of its employees through setting objectives, assessments, and feedback.

Employee Development

Programs and activities provided by an organization to enhance the skills, knowledge, and competencies of its employees, aiming for both personal and professional growth.

Interpersonal Skills

The abilities used to effectively communicate, interact, and work with individuals and groups.

Self-Assessment

The process by which an individual evaluates their own strengths, weaknesses, skills, and performance, typically for the purpose of personal or professional development.