Which of the Following Statements Is True About a 360-Degree

question 76

Multiple Choice

Which of the following statements is true about a 360-degree appraisal?

• A)It involves using a single source for appraisal information.
• B)Often, the person being rated can select the appraisers.
• C)It often misses qualities that other appraisal methods capture.
• D)Its objective is to provide a basis for administrative decisions.
• E)Usually, feedback is obtained only from top level managers.

---

Definitions:

Petty Cash Fund

A small amount of cash on hand used for paying minor expenses to avoid writing checks for small amounts.

Journal Entry

A record in accounting that represents a transaction where at least two account balances are affected.

Cash Overage

A situation where the amount of cash on hand is greater than the expected amount, often due to errors in cash management or recording.

Internal Control System

A process implemented by management and other personnel to provide reasonable assurance regarding the achievement of objectives in effectiveness and efficiency of operations, reliability of financial reporting, and compliance with laws and regulations.