The First Step of the Performance Management Cycle Is To

question 31

Multiple Choice

The first step of the performance management cycle is to:

• A)choose the right person for the right job.
• B)assess performance.
• C)recognize and reward achievement.
• D)make reassignment decisions.
• E)provide feedback on performance.

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Definitions:

Public Goods

Goods that are non-excludable and non-rivalrous, meaning they can be consumed by anyone and one person’s consumption doesn’t reduce availability to others.

Free-riders

Individuals who benefit from resources, goods, or services without paying for them, often seen in public goods and collective risk scenarios.

Private Markets

are markets where transactions are conducted directly between two parties without being publicly traded on an exchange.

Repeat-purchase Item

A good or service that consumers buy frequently or repeatedly over time, indicating loyalty or sustained need.