Statements of an Accomplishment of a Task to Be Achieved,often

question 221

Multiple Choice

Statements of an accomplishment of a task to be achieved,often by a specific time are referred to as

• A)plans.
• B)procedures.
• C)strategies.
• D)core values.
• E)goals.

Distinguish between the advantages and disadvantages of various appraisal methods.

Grasp the concepts of appraisal biases and how they impact performance ratings.

Recognize the importance of multiple source feedback in appraisals, especially the 360-degree feedback method.

Understand the purpose of management by objectives in performance appraisals.

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Definitions:

Average Product

The output per unit of input, calculated by dividing total production by the total quantity of input.

Labor

The work performed by humans that is used in the production of goods and services.

Diminishing Marginal Returns

An economic principle stating that as one factor of production increases while others remain constant, the incremental gains in output will eventually decrease.

Input

Resources such as labor, materials, and capital used in the production of goods and services.