Which of the Following Goals of a Performance Evaluation System

question 8

Multiple Choice

Which of the following goals of a performance evaluation system is accomplished when a company's actual results are compared to the results of competitors?

• A)Motivating unit managers
• B)Promoting goal congruence
• C)Benchmarking
• D)Communicating expectations

---

Definitions:

Fair Value

A measure of the worth of an asset or liability, based on its current market price or the price it would fetch in an orderly transaction at the measurement date.

Controlling Interest

The ownership of a majority of a firm's stock, giving the shareholder the ability to control decisions and operations.

Amortized

The process of gradually paying off a debt or reducing the value of an intangible asset through regular payments over a set period.

Patent

A government-granted exclusive right for an invention, giving the patent owner the right to exclude others from making, using, or selling the invention for a certain period.