A Performance Appraisal Serves All of the Following Purposes Except

question 188

Multiple Choice

A performance appraisal serves all of the following purposes except which of the following?

• A) It lets workers know how well they are doing.
• B) It allows the employee to see where he or she ranks against all the other employees in the company.
• C) It provides an effective basis for distributing rewards.
• D) It lets workers know how they can do better in the future.
• E) It helps the organization monitor its employee selection, training, and development activities.

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Definitions:

Strictly Convex Preferences

Strictly convex preferences indicate a consumer's increasing marginal rate of substitution, reflecting a stronger preference for balanced bundles of goods over extremes.

Risk Averse

A characteristic of a person or entity that prefers to avoid uncertainty and potentially negative outcomes, often opting for more certain or less risky options.

Risk Averse

Refers to the preference of avoiding risk rather than facing uncertainty or engaging in risky ventures.

Price of Insurance

The cost or premium that individuals or entities pay to transfer risk to an insurance company, securing financial protection against specified losses.