Of the Following Which Group Would Be Considered EXTERNAL PLAYERS

question 16

Multiple Choice

Of the following which group would be considered EXTERNAL PLAYERS of the firm?

• A)The loan officer at the firm's commercial bank
• B)The shop foreman
• C)The human resources manager
• D)The head of payroll and accounts payable

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Definitions:

Forced Distribution

A performance management system where employee evaluations are distributed along a predetermined curve, often requiring managers to rank employees against each other.

Performance Appraisal Systems

Formal systems used within organizations to evaluate employee performance, providing feedback, documenting accomplishments, and identifying areas for improvement.

Performance Standards

Established criteria or benchmarks used to measure and evaluate the quality and effectiveness of work performance.

Competency Matrix

A list of the level of each competency required for each of a number of jobs.