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Amit is a manager for a software company in Palo Alto, California.He wants to use an appraisal system that includes mutual objective setting and evaluation based on the attainment of specific objectives.Which appraisal method should Amit use?
Majority Voting
A decision-making process in which the option receiving more than half of the votes wins, commonly used in democratic elections and organizations.
Economically Inefficient Outcomes
Occurs when resources are not utilized or allocated optimally, leading to waste or a loss in potential value.
Paired-Choice Vote
A voting system where voters choose between pairs of candidates in a series of rounds, narrowing down the options to a winner.
Ranked Preferences
A method of ordering options or choices based on their desirability or importance to an individual or group.
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