360° Performance Appraisal Systems Require Careful Planning and Consume Far

question 121

True/False

360° performance appraisal systems require careful planning and consume far more time than other appraisal systems,but putting the system online can reduce the time and costs of the process.

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Definitions:

Bankrupt

Describes a legal status of a person or entity that cannot repay the debts it owes to creditors, leading to legal proceedings for debt relief.

Liabilities

Financial obligations or debts that a person or entity legally owes to others.

Stigma

A negative perception or association with a property or individual, often due to psychological factors or past events, which can affect value or reputation.

Installments

Payments divided into multiple, usually regular, parts over a set period of time.