The System of _____ Was Popularized by Jack Welch, the Former

question 41

Multiple Choice

The system of _____ was popularized by Jack Welch, the former CEO of General Electric, and it "force ranks" employees into three categories based on what is generically called a vitality curve.

• A) managing by objective
• B) 360-degree evaluations
• C) employee differentiation
• D) behaviorally anchored rating scales

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Definitions:

Contribution Margin

The contribution margin represents the portion of sales revenue that is not consumed by variable costs and is available to cover fixed costs and generate profit.

Variable Cost

Business expenditures that adjust based on the activity level of the enterprise.

Operating Cash Flow

The cash generated from a company's normal business operations, indicating whether a company can maintain or grow its operations.

Required Rate

The minimum annual percentage return that an investment must earn to be considered acceptable to an investor, also known as the required rate of return.