Performance Appraisal Systems Represent

question 18

Multiple Choice

Performance appraisal systems represent:

• A)an important part of managing by objectives
• B)a scheduled annual performance meeting with employees
• C)a one-way feedback system to align individuals with business strategy
• D)an important link between goal-setting processes and reward systems
• E)all of the above

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Definitions:

Segregation Of Duties

A risk management and internal control principle that divides responsibilities among different people to reduce the risk of error or fraud.

Accounts Payable Clerk

A professional responsible for managing a company's outgoing bills and invoices, ensuring payments are made on time and records are kept.

Cheque Signing Authority

The power granted to an individual or individuals within an organization to sign checks on behalf of the company.

Internal Auditors

Professionals who conduct audits within an organization to review its operations, processes, and financial practices for efficiency, effectiveness, and compliance.