The Development of a Performance-Appraisal System Is Primarily the Concern

question 13

Multiple Choice

The development of a performance-appraisal system is primarily the concern of

• A) financial management.
• B) human resources management.
• C) production and operations management.
• D) marketing management.
• E) administrative management.

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Definitions:

Cost-Benefit Analysis

A methodical strategy for assessing the advantages and disadvantages of various options to identify the most effective method for realizing benefits while conserving resources.

Marginal Cost

The extra cost incurred by producing one more unit of a product or service.

Marginal Benefit

The extra value or contentment obtained when one more unit of a good or service is consumed or produced.

Positive Externality

A benefit that is enjoyed by a third-party as a result of an economic transaction.