There Are Two Main Constituencies in the Performance Management System

question 37

True/False

There are two main constituencies in the performance management system: employees and supervisors.

---

Definitions:

Retrenchment

A strategy or action taken by businesses to reduce costs or spending in response to economic challenges, often involving cuts in workforce, operations, or investment.

Strong Cash Flow

A financial situation where a company has a steady and robust inflow of cash, indicating good liquidity and operational health.

High Performers

Employees or individuals who consistently exceed the standard expectations and objectives of their roles.

Stability

In a business context, refers to the consistency, reliability, and predictability of a company's financial status, growth, and operational processes over time.