Make a case for 360-degree performance evaluation based on the informativeness principle. What problems may be encountered from implementation of such a system?
What will be an ideal response?
The informativeness principle states that it is desirable to include all low cost performance indicators that provide information about the employee's effort. 360-degree performance evaluation includes measures of performance from peers, subordinates, and superiors who may have relevant specific knowledge about an individual's performance. One problem of this type of evaluation is that it is not necessarily low cost. The opportunity cost of time spent in completing performance assessments should be taken into account. In addition, individuals can game this system depending on how it is set up. For example, the employee may be able to nominate his friends to complete peer reviews.
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Which of the following will cause an increase in the demand for the Venezuelan currency, the Venezuelan bolivar?
A) real interest rates in Venezuela fall B) U.S. residents change preferences in favor of goods produced in the United States C) real interest rates in the United States increase D) none of the above
A shortage occurs whenever
a. quantity demanded exceeds quantity supplied at the equilibrium price. b. price is less than equilibrium price. c. quantity demanded is less than quantity supplied. d. goods are scarce. e. some of the people who need the product are not willing and able to buy it at the equilibrium price.
Which of the following factors is fixed in the long run?
A) capital B) land C) entrepreneurship D) none of the above because all factors are variable in the long run
The purchase of VCU2 by Tomas Tiergarten, a private resident,causes the nation's:
a. Monetary base to rise. b. M2 money supply to fall. c. M2 money multiplier to fall. d. Monetary base to remain the same.