Which of the Following Is the First Step in Performance

question 11

Multiple Choice

Which of the following is the first step in performance management process?

• A) Evaluating performance
• B) Developing employee goals, behavior, and actions to achieve outcomes
• C) Providing consequences for performance results
• D) Defining performance outcomes for company division and department
• E) Identifying improvements needed

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Definitions:

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance premiums.

Marginal Costs

The financial outlay required to produce an additional unit of a product or service.

Cash Flows

The total amount of money being transferred into and out of a business, especially affecting liquidity.

Interest Rate

The percentage of a sum of money charged for its use, often expressed annually, affecting loans and savings.