Business Management Review

The largest component of OASDI is the payment of retirement benefits.

• True

• False

Perfection—having no errors—may be the only acceptable standard for some products and services.

• True

• False

Reviewing performance is part of the controlling function.

• True

• False

The first step in an effective change process is to carefully plan for the change.

• True

• False

If a company has a human resources department, personnel from that department complete all performance appraisal activities rather than employees’ supervisors.

• True

• False

Human resources management is all activities involved with acquiring, developing, and compensating the people who do the company’s work.

• True

• False

The difference between current performance and the standard is profit.

• True

• False

A job specification is the form used to complete a performance appraisal.

• True

• False

Budgets are controlling devices as well as planning devices.

• True

• False

Many problems in a company, such as higher training costs and dissatisfied employees, can be reduced by an effective selection process.

• True

• False