As a New Human Resources Intern, Michael Was Interested in Learning

question 113

Multiple Choice

As a new human resources intern, Michael was interested in learning about 360-degree feedback. Which of the following reasons explains why it is very beneficial to managers?

• A)Managers receive a much wider range of feedback information than if they had conducted the appraisal on their own.
• B)This type of feedback is performed more frequently than traditional methods of feedback.
• C)This form of feedback is the easiest to administer and is the most cost-efficient form of appraisal.
• D)It helps managers to be more aware of their employees' day-to- day performance.
• E)The feedback focuses on objective performance criteria.

Understand the principles surrounding the enforceability of electronic contracts (e-contracts) under ESIGN and other relevant laws.

Recognize the importance of consideration in contract formation and the effects of mutual misunderstanding or mistake on a contract's validity.

Understand the difference between void and voidable contracts, and the implications of each for the parties involved.

Understand the concept of unilateral and bilateral contracts, how they are formed, and the obligations they create.

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Definitions:

Average Total Cost

The total cost divided by the quantity of output produced; it includes both fixed and variable costs.

Long-Run Equilibrium

A state in which all firms in a perfectly competitive market earn zero economic profits, indicating no incentive for entry or exit.

Monopolistically Competitive

Describes a market structure where many firms offer products that are similar but not perfect substitutes, leading to competition based on product differentiation.

Equilibrium Price

The price at which the quantity of a product offered is equal to the quantity of the product in demand, achieving a market balance.