According to the Text, Which of the Following Is True

question 22

Multiple Choice

According to the text, which of the following is true of performance management methods?

• A) Most organizations use a standard form to evaluate employee performance.
• B) There is typically just an overall global rating for performance.
• C) It is best to rate traits such as having a positive attitude since it always relates to performance.
• D) Ratings are typically done however the rater chooses.

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Definitions:

Absolute Advantage

The capability of an individual, company, or country to produce a good or service at a lower cost per unit than competitors.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than another entity, leading to more efficient trade and production.

Comparative Advantage

The ability of an entity to produce a good or service at a lower opportunity cost than others.

Opportunity Costs

The cost of forgoing the next best alternative when choosing among multiple options, measuring the trade-off involved in any decision.