All of the Following Statements Are True About Team-Based Performance

question 73

Multiple Choice

All of the following statements are true about team-based performance appraisal EXCEPT

• A) team performance appraisal is most effective in the administrative aspect of performance management.
• B) teams tend to avoid awarding individual team members larger or smaller pay increases based on performance.
• C) team members are often more familiar with a team member's work performance than the supervisor is.
• D) team members may use the team performance appraisal as a way to attack other team members.

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Definitions:

Sales Dollars

The total revenue generated from the sale of goods or services before any expenses are deducted.

Break-Even Point

The production level or sales volume at which total revenues equal total expenses, resulting in no net loss or gain.

Contribution Margin

The difference between sales revenue and variable costs, which contributes towards covering fixed costs and earning profit.

Fixed Costs

Costs that do not vary with the volume of production or sales, such as rent, salaries, and insurance premiums.