At the End of World War II in 1945,many Economists

question 198

Multiple Choice

At the end of World War II in 1945,many economists and business managers expected that the U.S.economy would enter a severe recession.At that time,Sears and Montgomery Ward were the two largest department store chains in the country.Sears CEO Robert Wood expected continuing prosperity and opened new stores.Montgomery Ward CEO Sewell Avery expected falling incomes and rising unemployment and closed a number of existing stores.The results of their actions were seen during the late 1940s,when

• A)Sears declared bankruptcy and was purchased by Montgomery Ward.
• B)Montgomery Ward weathered the economic downturn in better financial shape than Sears.
• C)Sears rapidly gained market share at Montgomery Ward's expense.
• D)Sears had to close many of the new stores it had opened following the end of the war.

---

Definitions:

Performance Appraisal

A systematic evaluation of an employee's job performance and productivity, usually conducted by their manager or supervisor.

Appeal Procedures

The formal process through which an individual can formally challenge a decision made by an authority, especially within organizational or legal contexts.

Focal-Point Review

A focal-point review is a performance appraisal strategy focusing on key achievements and critical areas of improvement for an individual or a team.

Review Interval

The scheduled period or frequency at which performance reviews or evaluations occur within an organization, which can vary from monthly to annually.