Make a Case for 360-Degree Performance Evaluation Based on the Informativeness

question 22

Essay

Make a case for 360-degree performance evaluation based on the informativeness principle.What problems may be encountered from implementation of such a system?

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Definitions:

World Price

denotes the global market price of a good or service, which can affect domestic markets through imports and exports.

Domestic Price

The price of goods or services within the domestic market of a country, unaffected by international prices.

Economic Well-being

A measure of how well individuals or societies can satisfy their needs and wants through the consumption of goods and services.

Exporter

A person, company, or country that sells goods or services to buyers in another country.