For Raj's Annual Performance Appraisal, He Will Be Evaluated by His

question 28

Multiple Choice

For Raj's annual performance appraisal, he will be evaluated by his supervisor according to defined factors such as "meets expectations," "outstanding," and "needs improvement." Which performance appraisal method is most likely used by Raj's employer?

• A) essay
• B) rating scales
• C) 360-degree
• D) critical incident

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Definitions:

Opportunity Cost

The value of the best alternative foregone where a choice needs to be made between several mutually exclusive alternatives.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Future Value

Value of cash flows at a future date, taking into account interest accumulated between when the cash flow occurred and the future date.

Double-Declining Balance

An accelerated method of depreciation that doubles the rate at which an asset’s book value declines compared to straight-line depreciation.