How Does 360-Degree Feedback Help Organizations

question 26

Multiple Choice

How does 360-degree feedback help organizations?

• A) Managers are able to identify subordinates who provide negative feedback.
• B) Delivering ratings to a manager provides a simple way for the manager to act on the feedback.
• C) Performance improves and behavior changes as a result of participation.
• D) The feedback demands very little time,so the raters can focus on other tasks.
• E) Managers can easily interpret the results themselves and take necessary action.

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Definitions:

Market Efficiency

A condition in which all available information is fully reflected in asset prices, making it impossible to consistently achieve higher returns than the overall market.

Equilibrium Price

The price in the market where the amount of products offered matches the amount of products desired.

Socially Optimal

A condition or outcome that is most efficient and beneficial for society as a whole, often considered in economic policies and strategies.

Tobacco Industry

A sector comprising companies that grow, manufacture, and sell tobacco products.