Identify a Way in Which an Organization Can Promote Fairness

question 14

Multiple Choice

Identify a way in which an organization can promote fairness and reduce political behavior in the appraisal system.

• A) use different performance standards to evaluate different employees
• B) train managers to use the appraisal process
• C) discourage employees from discussing their weaknesses
• D) require that managers give feedback once a year during the annual appraisal
• E) encourage managers to recognize accomplishments that only employees have identified

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Definitions:

Fair Market Value

An estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.

Business Judgment Rule

A legal principle protecting corporate directors and officers from liability for decisions made in good faith and in the best interest of the company.

Derivative Action

A lawsuit brought by a corporation’s shareholder on behalf of the corporation against a third party, often an insider of the corporation.

Uncertificated

Referring to securities or stocks that are not represented by a physical certificate, existing only as electronic records.