There Are More Tools Available for Managers to Assess Their

question 12

True/False

There are more tools available for managers to assess their employees. As a result, appraisals are more accurate and effective and there is current dialogue to return to less frequent annual reviews.

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Definitions:

Open Market Committee

A committee within a central bank, like the Federal Reserve in the United States, that makes key decisions about interest rates and the growth of the United States money supply.

Federal Reserve System

The central banking system of the United States, responsible for monetary policy, regulation of financial institutions, and management of the country's money supply.

Required Reserves

The minimum amount of reserves a bank is required to hold by central bank regulation, aimed at ensuring the bank's liquidity and stability.

Excess Reserves

The surplus funds that a bank or financial institution possesses beyond the mandatory requirements set by regulatory bodies, creditors, or its own internal governance protocols.