Performance Appraisal Has Two Purposes, the First of Which Is

question 21

Multiple Choice

Performance appraisal has two purposes, the first of which is the developmental purpose. All of the following are elements in the development of a purpose except:

• A) Identify strengths and weaknesses
• B) Define the tasks to be appraised
• C) Determine how to overcome barriers
• D) Appraise individual performances
• E) Discuss improvements

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Definitions:

Basis

The difference between the spot price of an asset and the futures price of the same asset.

Long Hedger

An investor who purchases futures contracts or the underlying asset to protect against potential price increases.

Short Hedger

An investor who enters into contracts to protect against potential losses from declining prices in the assets they hold.

Decrease

A reduction in quantity, size, or intensity of a particular activity, value, or level.