A Method for Appraising Performance Involving Setting Specific Measurable Goals

question 25

Multiple Choice

A method for appraising performance involving setting specific measurable goals with each employee and then periodically reviewing the progress made is called

• A)progress review method.
• B)critical goal method.
• C)behaviourally anchored rating scale method.
• D)management by objectives.
• E)periodic review method.

---

Definitions:

Average Fixed Cost

The total fixed costs of production divided by the quantity of output produced, illustrating how fixed costs dilute over larger quantities of output.

Total Cost

The total expense incurred in the production of goods or services, including both fixed and variable costs.

Computer Software

Software and data that enable a computer to execute particular tasks.

Opportunity Cost

The sacrifice of possible benefits from other options when selecting a specific one.