In Which Performance Appraisal Process Is Feedback Obtained from the Boss,subordinates,peers

question 25

Multiple Choice

In which performance appraisal process is feedback obtained from the boss,subordinates,peers and coworkers,and the employees themselves?

• A)360-degree feedback  
• B)performance appraisal iteration  
• C)reciprocal appraisal  
• D)grapevine appraisal

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Definitions:

Materials Price Variance

The discrepancy between the real expense of direct materials employed in manufacturing and the anticipated standard expense for those materials.

Materials Quantity Variance

The difference between the budgeted and actual quantities of materials used in production, affecting cost management.

Standard Cost

A predetermined cost of manufacturing, calculated based on the expected costs of material, labor, and overhead for a unit of product.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard cost, reflecting changes in material prices.