Dixon Manufacturing Is a Large Firm That Produces Automotive Parts

question 30

Multiple Choice

Dixon Manufacturing is a large firm that produces automotive parts for sports cars.Employees at Dixon receive annual performance appraisals from their supervisors.However,top executives at Dixon have decided that performance appraisals should be conducted more frequently and that a new method of appraisal should be implemented.Which of the following,if true,best supports the argument that the 360-degree feedback evaluation method is the most appropriate performance appraisal tool for Dixon to use?

• A) Numerous Dixon employees have complained that the current appraisal method is biased and have threatened to sue the firm.
• B) Executives at Dixon want a performance appraisal method that focuses on an employee's potential for success at the firm.
• C) Employees at Dixon participated in developing their own performance standards when they were first hired by the firm.
• D) Due to the firm's large staff, executives want an appraisal method that is both quick and cost effective.

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Definitions:

Service Firms

Companies that provide intangible products or services to consumers or other businesses, as opposed to selling physical goods.

Merchandising Firms

Businesses that purchase goods in a finished condition and sell them with little to no processing.

Managerial Accounting Information

Financial data analyzed for internal decision making, focusing on detailed reporting for managers' specific needs.

Stockholders

Individuals or entities that own shares in a corporation, giving them ownership interest.