In Contrast to Ranking Formats, Rating Formats Require Raters to Evaluate

question 50

True/False

In contrast to ranking formats, rating formats require raters to evaluate employees on some absolute standard rather than relative to other employees.

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Definitions:

Stockholders

Individuals or entities that own shares in a corporation, giving them ownership interest.

Limited Risk

Exposure to a relatively small possibility of loss or less severe consequences in an investment or business activity.

Assets

Resources owned by a business or individual that have economic value and can provide future benefits.

Supplies

Items used in the operation of a business or part of inventory not yet sold.