As a Middle Manager for Her Firm, Tori Just Finished

question 43

Multiple Choice

As a middle manager for her firm, Tori just finished comparing the results of a promotional campaign with the outcome expectations. The next step in the control process is:

• A) monitor and record actual performance.
• B) set up contingency plans.
• C) communicate results and deviations with management and employees involved.
• D) establish discipline committees to decide on dismissals.

Acknowledge the importance of self-appraisal and peer feedback in the appraisal process.

Comprehend the essential elements and characteristics of effective performance measures.

Understand the implications of appraisal timing and scheduling.

Learn the roles and responsibilities in the administration of the performance appraisal system.

---

Definitions:

Leaky Bucket

A metaphor for the inefficiency in income redistribution, where some resources are wasted or lost during the transfer process from the affluent to the needy.

Government Redistribution

The transfer of income, wealth, or property rights from some individuals to others through mechanisms such as taxation, welfare programs, and subsidies, conducted by the state or governing bodies.

Welfare Programs

Government initiatives designed to provide financial aid and essential services to individuals and families in need, aiming to improve social well-being.

Marginal Utility

The additional satisfaction or utility gained from consuming one more unit of a good or service.