All of the Following Are Steps to Creating a Good

question 51

Multiple Choice

All of the following are steps to creating a good performance appraisal process except:

• A) performance dimensions are linked to the strategic plan.
• B) use experienced consultants to develop the rating process.
• C) train raters in use of the system.
• D) diagnose performance problems in advance.

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Definitions:

Supply and Demand

Economic model of price determination in a market, stating that the price of a good or service varies directly with its demand and inversely with its supply.

Government

An organization or system that governs and implements decisions in a community, country, or society through the establishment of rules and the management of public services.

Classical Quantity Theory

An economic theory suggesting that the amount of money in circulation directly impacts price levels and inflation rates.

Money

A medium of exchange that facilitates transactions, acting as a unit of account, a store of value, and sometimes, a standard of deferred payment.