The Following Are All Advantages of Using Rating Committees in the Performance

question 44

Multiple Choice

The following are all advantages of using rating committees in the performance appraisal process except

• A)the composite ratings tend to be more fair than those of individual raters.
• B)the composite ratings tend to be more reliable and valid than those of individual raters.
• C)appraisal is generally more biased because of personality clashes.
• D)several raters can help cancel out problems like bias and halo effect on the part of individual raters.
• E)variations in raters' ratings usually stem from the fact that raters often observe different facets of an employee's performance.

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Definitions:

Rate of Demand

The speed at which goods or services are requested or required by consumers or processes.

Quantity Discount Model

A pricing strategy that offers a lower price per unit of goods or services when a larger quantity is purchased.

Ordering Costs

The expenses associated with placing orders for additional inventory, including administrative costs and transportation.

Carrying Costs

The total cost of holding inventory, including storage, insurance, taxes, and opportunity costs.