For a Performance Appraisal System to Be Valid,it Must __________

question 123

Multiple Choice

For a performance appraisal system to be valid,it must __________.

• A)provide consistent results each time it is used
• B)be statistically robust
• C)be used in a wide cross-section of industries
• D)be used across hierarchical levels in an organization
• E)actually measure people on relevant job content

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Definitions:

Spending Variances

Differences between the budgeted or standard cost amounts and the actual costs incurred.

Favorable

A term used in financial analysis to describe a situation, condition, or variance that leads to a positive outcome or better-than-expected results.

Unfavorable

A term often used to describe a variance or result that negatively impacts a business or its financial performance.

Revenue Variance

The difference between actual revenue and budgeted or forecasted revenue, often analyzed to understand the performance of a business.