Performance Appraisal Systems That Are Too Subjective and Not Documented

question 83

True/False

Performance appraisal systems that are too subjective and not documented tend to promote feelings of unfairness.

---

Definitions:

Interest Rate

The percentage at which interest is charged or paid for the use of money over a period.

Quantity Theory of Money

An economic theory that suggests the general price level of goods and services is directly proportional to the amount of money in circulation.

Velocity of Money

How quickly money moves from one exchange to another and the rate of usage of a currency unit within a designated time period.

Money Supply

The full measure of financial assets available within an economy at a specific juncture.