Which of the Following Performance Appraisal Methods Is Often Used

question 33

Multiple Choice

Which of the following performance appraisal methods is often used to evaluate managers and professional employees based on the accomplishment of specific goals that were jointly established with their superiors?

• A)management by objectives (MBO)
• B)360-degree feedback
• C)critical incidents
• D)graphic rating scales
• E)multiperson comparisons

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Definitions:

Output

The total amount of products or services produced by a company, industry, or economy within a specific period.

Price

The amount of money required to purchase a good or service; the value that must be exchanged to obtain a particular item.

Perfect Competitor

A firm in a perfectly competitive market, where there are many buyers and sellers, all products are identical, and no single buyer or seller can influence the market price.

Perfect Competitor

A theoretical market structure where numerous small firms compete against each other with no single company controlling the market price.