Which of the Following Statements Regarding the Notion of Performance

question 40

Multiple Choice

Which of the following statements regarding the notion of performance management is NOT accurate?

• A) Goal setting is central to its application.
• B) Although 90 percent or more of Canadian companies use some performance management process, only 10 percent find it "effective or very effective."
• C) It tends to work best in organizations using a high-involvement or human relations strategies.
• D) Development of benchmarks that are valid and reliable is critical.

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Definitions:

Substitute Choices

Options available that can replace or serve as alternatives to others, usually in the context of consumer goods or services.

Small Business Owner

An individual who owns and operates a business that is smaller in scale in terms of revenues, employees, and operations.

Economy Of Scale

The cost advantage achieved by companies when production becomes efficient, as fixed costs are spread out over more units of output.

High Shrinkage

A term used in retail to describe a higher than normal reduction in inventory due to factors like theft, damage, or errors.