_________Involves Adding Products or Services Different from Those Currently in the Firm

question 49

Multiple Choice

_________involves adding products or services different from those currently in the firm.

• A) Centralization
• B) Decentralization
• C) Diversification
• D) Expansive centralization
• E) Expansive decentralization

Learn the roles and responsibilities in the administration of the performance appraisal system.

Appreciate the importance of avoiding personality assessments in performance evaluations.

Recognize the key dimensions of performance standards: productivity, quality, timeliness, and cost.

Identify the secondary objectives of performance appraisals beyond immediate performance improvement.

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Definitions:

Administrative Bodies

Organizations or agencies created by the government to implement laws, regulations, and public policies.

Natural Justice

Procedural fairness in decision-making.

Business Operations

The ongoing, routine activities involved in the running of a business for the purpose of producing value for the stakeholders.

Administrative Laws

A branch of public law that regulates the activities of administrative agencies of government, including rulemaking, adjudication, or the enforcement of specific regulatory agendas.