Which of the Following Statements Is TRUE Regarding Performance Management

question 53

Multiple Choice

Which of the following statements is TRUE regarding performance management in a global setting?

• A) Because human psychology is the same worldwide, a well-designed performance management system will work in any cultural setting.
• B) Business organizations in every culture include some type of formal performance feedback for employees.
• C) U.S.-style performance management systems are becoming more widely used overseas because of their effectiveness in increasing employee performance.
• D) U.S. companies may need to eliminate their performance management processes in certain countries.

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Definitions:

Fisher Effect

an economic theory proposing that the real interest rate is independent of monetary measures, especially the nominal interest rate and inflation rate.

Nominal Interest Rate

The rate of interest before adjustment for inflation; the stated or advertised interest rate on a loan or investment.

Real Interest Rate

The interest rate adjusted for inflation, reflecting the true cost of borrowing and the true yield on lending.

Price Changes

Variations in the cost of goods and services over time, affecting consumer behavior and economic trends.