Craig Is Starting a New Business and Looking for an Easy-To-Use

question 47

Multiple Choice

Craig is starting a new business and looking for an easy-to-use performance appraisal method that he can apply to every job in the organization from the top manager to the cleaning staff.Craig should probably adopt the ______ method of performance appraisal.

• A) ranking
• B) management by objectives
• C) graphic rating
• D) behavioral anchored rating

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Definitions:

EOQ

Economic Order Quantity, a formula used to determine the ideal quantity of inventory to minimize total costs related to ordering, receiving, and holding inventory.

Carrying Cost

The total cost of holding inventory, including storage, insurance, taxes, depreciation, and obsolescence, which affects a company's overall profitability.

One-Shot Approach

A method or strategy applied only once, typically without the intention of repetition or long-term implementation.

Net Present Value

A financial metric used to evaluate the profitability of an investment or project, calculating the difference between the present value of cash inflows and the present value of cash outflows over a period.