Vito, the Owner of a New Company, Believes That All

question 75

Multiple Choice

Vito, the owner of a new company, believes that all appraisals in his company should be based on evidence of job performance rather than other considerations. In order for Vito to operate according to the due process model of appraisal, he must also

• A) make his performance standards clear and encourage workers to evaluate themselves.
• B) give employees useful and timely feedback, and make sure they are rated several times by one supervisor.
• C) make his performance standards clear, and give employees timely feedback and an opportunity to present their own case.
• D) encourage workers to evaluate themselves, and make sure they are rated several times by one supervisor.

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Definitions:

Inflation Rate

The progression rate at which the cost of consumer goods and services climbs, thereby eroding purchasing potential.

Price Level

The Price Level is a measure of the average prices of goods and services in an economy at a specific time.

Percentage Change

A mathematical calculation that represents the degree of change over time, expressed as a fraction of the original value.

Nominal GDP

The market value of all final goods and services produced within a country in a year, measured in current prices.