Jim,an Operating Manager at a Financial Services Firm,is Conducting a Performance

question 53

Multiple Choice

Jim,an operating manager at a financial services firm,is conducting a performance appraisal of the employees in his department,ranking them from the most to the least valuable.He lists the names of the employees to be rated on the left side of a sheet of paper.Then he chooses the most valuable employee on the list,crosses that name off the left-hand list,and puts it at the top of the column on the right-hand side of the paper.Next,he selects and crosses off the name of the least valuable employee from the left-hand column and moves it to the bottom of the right-hand column.Jim repeats this process for all of the names on the left-hand side of the paper.The resulting list of names in the right-hand column gives a ranking of the employees from most to least valuable.Identify the ranking method Jim is using.

• A)Paired comparison ranking
• B)Forced distribution
• C)Alternation ranking
• D)Central tendency distribution

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Definitions:

Petty Cash Fund

A small amount of cash on hand used for paying expenses too small to merit writing a check.

Bank Checking Account

A bank account that allows for easy access to funds through checks, debit cards, and electronic transfers, used for managing daily transactions.

Internal Controls

Procedures and mechanisms established by a company to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Safeguard Assets

Measures and procedures implemented by a company to protect its assets from theft, damage, or misuse.