Performance Appraisal Acts as a Diagnostic Tool and Review Process

question 67

True/False

Performance appraisal acts as a diagnostic tool and review process when they are based on the objectives of the work teams that support the organization.

Understand the impact of a manager’s expectations on employee performance through the self-fulfilling prophecy effect.

Learn the differences in feedback and criticism delivery based on gender.

Recognize the challenges and benefits of various leadership behaviors and styles, including autocratic and participative leadership.

Appreciate the importance of delegation and the risks of micromanagement.

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Definitions:

Subjective Estimates

Judgments or opinions used in decision-making or accounting that are based on personal feelings or beliefs rather than on precise measurement.

Financial Accounting

The field of accounting that focuses on the summary, analysis, and reporting of financial transactions pertaining to a business to external users.

Managerial Accounting

The area of accounting focused on providing financial data and advice to company managers for decision-making purposes.

GAAP

Generally Accepted Accounting Principles encompass a series of standard accounting practices and rules for the creation of financial reports.