Performance Appraisals Are a Formal Assessment of Employees That Should

question 191

Multiple Choice

Performance appraisals are a formal assessment of employees that should be conducted regularly because they

• A) validate selection methods.
• B) establish a basis for rewards.
• C) provide feedback to help employees improve performance.
• D) help determine training and development needs.
• E) All of these choices

Understand the role of mentoring in career development and its indication of management support.

Analyze the advantages and disadvantages of internal recruitment strategies and measures for retaining top talent through stages of career development.

Understand the benefits of division of labor and how it enhances efficiency in organizations.

Differentiate between various forms of job analysis, especially the competency-based analysis.

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Definitions:

Backward Integration

A type of vertical integration where a company expands its role to fulfill tasks formerly completed by businesses up the supply chain.

Horizontal Integration

A strategy where a company acquires or merges with other companies at the same level of the supply chain in the same or different industries, to increase market share or product offerings.

Purchasing Savings

Cost reductions achieved by negotiating lower prices or finding more efficient procurement methods.

Vertical Integration

A strategy where a company expands its operations into different stages of production, often including the supply chain, to control costs and improve efficiency.