The statement It's not fair to pay a bad employee the same amount of money as an excellent employee exemplifies the need for accurate performance appraisals in:
a. determining salary increases
b. making promotion decisions
c. employee training and feedback
d. training needs assessment
Question 2
Which of the following is true about evaluating employee performance?
a. Most performance appraisal systems are successful
b. Most organizations have specific goals for their appraisal systems
c. 360-degree feedback is best used for developmental purposes
d. All three are true
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The Economics of Money, Banking and Financial Markets, Business School Edition