Scenario 5-2 The CEO of KM Contracting, a Medium-Sized Canadian Construction Company

question 15

Multiple Choice

Scenario 5-2
The CEO of KM Contracting, a medium-sized Canadian construction company, has decided to develop a performance management system so that the company can measure employee performance.As the HRM, you believe that a lack of clear job standards has led to the selection of inappropriate candidates.Managers have stated that performance appraisals are usually conducted only when inappropriate and unsafe workplace behaviours have occurred.The three major performance dimensions of all the jobs are technical construction proficiency, demonstrating effort, and maintaining self-discipline.
-Refer to Scenario 5-2.The managers at KM Contracting are not clear on the distinction between performance management and performance measurement.Which of the following best defines performance measurement

• A)a means to reinforce an organization's core values in addition to identifying performance differences among employees
• B)measures of job performance that attempt to capture individual differences among employees with respect to job-related behaviours
• C)organizational processes used to improve employee performance in the workplace
• D)organizational processes that evaluate employee job performance

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Definitions:

Discount Rate

The interest rate used to determine the present value of future cash flows or to discount future obligations.

Maturity

The predetermined date on which a financial instrument, loan, or security reaches its final payment, at which point the principal amount must be repaid.

Zero-Coupon Bond

A debt security that doesn't pay periodic interest, sold at a discount from its face value, and repays the face value at maturity.

Yield To Maturity

The total return anticipated on a bond if the bond is held until it matures, considering both the interest payments and the capital gain or loss.