Maintaining Reliability in Performance Evaluation Is Highly Desirable and Easy

question 23

True/False

Maintaining reliability in performance evaluation is highly desirable and easy to achieve,particularly if sufficiently different raters and different appraisal instruments are employed.

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Definitions:

Additional Cost

Expenses that are not initially planned for but arise during the production or execution of a project, also known as incidental or unforeseen costs.

Economic Efficiency

A state in which resources are allocated in a way that maximizes the total benefits received by all individuals in an economy.

Benefits

Advantages or payments made to individuals or employees, which can include health insurance, retirement plans, and other perks beyond basic salaries.

Costs

The expenses incurred in the process of producing or providing goods and services.