Joshua Notes That the Next Section of the Evaluation Tool

question 6

Multiple Choice

Joshua notes that the next section of the evaluation tool is specific to the organizational philosophy and has a four-point ordinal scale that describes performance from "always meets expectations" to "does not meet expectations." This type of evaluation is most commonly known as

• A) a BARS.
• B) management by objectives/learning goals.
• C) the forced distribution scale.
• D) a traditional rating scale.

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Definitions:

Decision Tree Construction

The process of building a graphical representation of decisions and their possible consequences, outcomes, and related costs.

Capacity Decision

The process of determining the level of capacity needed to meet varying demands for a business's goods or services.

Demand Forecast

The process of estimating the future demand for a product or service based on historical data and trends.

Conditional Payoffs

The expected return or outcome associated with certain actions or decisions, which depend on specific conditions being met.