14. Subjective performance evaluation reviews are conducted primarily because it

Question

14. Subjective performance evaluation reviews are conducted primarily because ite atve performance evaluation doesn't usually provide good performance benchmanks s too expensive to measure all dimensions of the employee's output None of the above. d. studies are not typically performed in white collar jobs 15. A firm is a in a position to pay a worker less than he/she is worth if a. It has the abilit y to pay a wage less than a worker's marginal revenue product ity to pay a wage greater than a worker's marginal revenue product c. There are many buyers for the worker's services d. All of the above e. None of the above 16. It a firm pays a worker less than he/she is worth which of the following is likely to happen? a. the firm will have experience increasing returns to scale b. the firm will likel y experience significant retention problems a. the tirm will likely experience problems in buying other resources. d. all of the above. e. none of the above. 17. Which of the following is not a condition for teams to succeed? a. must be synergistic potential b, must be able to prevent free-riding at low cost. c. must be able to inform all team members equally d. must have a lot of diversity among the team members. e. all of the above. 18. Influence costs are just another term for: a. special interest influence by the company b. lobbying costs by employees to get favors from their bosses c. erecting barriers to entry in a monopoly market d. none of the above. 19. The Informative Principle suggests that it is important to include: a all performance indicators that provide all information about an employee's effort. b. various aspects of a worker's background in determining whether they should be hired. c. at least five difference measures of performance evaluation for a given period. d. all information that would inform an employee in successfully doing his/her job. 20. Most employees prefer to be paid a. with nothing but cash. b. with a mix of cash and fringe benefits. c. every week as opposed to every month. e. all of the above.

Explanation / Answer

14. Option B.

Explanation: A firm need to conduct subjective performance reviews primarily because it can be very expensive to accurately measure all aspects of the outputs of the workers. Subjective performance evaluations help a firm make a holistic and 360-degree judgment of the actual performance of employees.

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