Which of the Following Is True Regarding the Attribute Approach

question 25

Multiple Choice

Which of the following is true regarding the attribute approach to performance management?

• A)There is usually a high congruence between the techniques used in this approach and the company's strategy.
• B)The methods usually have clearer performance standards due to which different raters provide similar ratings and rankings.
• C)It is easy to develop and is generalizable across organizations and strategies.
• D)It provides specific guidance and feedback to employees.
• E)The ratings from this approach are easily accepted by employees during feedback.

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Definitions:

Selling Price

The amount of money charged to the customer for a product or service, potentially including costs of production, distribution, and a markup for profit.

Contribution Margin

The gap between sales income and variable expenses, showing the amount that goes towards covering fixed expenses and creating earnings.

Manufacturing Overhead Cost

refers to the indirect factory-related costs that are incurred when a product is manufactured, such as utilities, maintenance, and factory equipment depreciation.

Units Produced

The total number of complete units a company produces within a given period.