Written Essays, BARS, MBO, and Multi-Person Comparisons Are All Types

question 149

True/False

Written essays, BARS, MBO, and multi-person comparisons are all types of performance appraisal methods.

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Definitions:

Net Float

Net float is the difference between the balance according to the bank's records and the balance according to the company's records, due to checks or other transactions in the process of clearing.

Collection Float

The time period between when a check is deposited in a bank and when the funds are made available, reflecting the bank's processing time.

Mail Float

The time difference between when a check is written and when it is actually cleared and funds are deducted from the payer's account.