Dixon Manufacturing Is a Large Firm That Produces Automotive Parts

question 64

Multiple Choice

Dixon Manufacturing is a large firm that produces automotive parts for sports cars. Employees at Dixon receive annual performance appraisals from their supervisors. However, top executives at Dixon have decided that performance appraisals should be conducted more frequently and that a new method of appraisal should be implemented. Which of the following, if True, best supports the argument that the ranking method is the most appropriate performance appraisal tool for Dixon to use?

• A) Employees at Dixon are provided training opportunities based on performance appraisal results.
• B) Dixon executives want the firm to become a high performing work system within five years.
• C) Dixon will be reducing its workforce and eliminating the lowest performing employees.
• D) Supervisors at Dixon work with HR to hire, fire, and train all employees.

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Supply

The sum of a product or service that can be bought at a specific price.

Land

The surface of the earth and its natural resources, considered a fundamental factor of production in economics.

Usury Laws

Regulations that set the maximum interest rate that can be charged on loans.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid to the lender for the use of their funds.