Refer to the scenario below to answer the following questions.
The Internal Hire (Scenario)
Wade McKenzie is a new sales manager for The Medi-Mac Group, a medical supply company based in Ontario. Wade was hired from within the firm and he is now supervising many of the people he formerly worked with, including two friends with whom he competed for his new job. As a result, Wade is concerned about potential problems stemming from the performance evaluation process, and is conducting research on the advantages and disadvantages of various methods.
-Six months into Wade's tenure as regional sales manager, he hosts his first regional sales meeting. During the course of the meeting, Wade meets individually with each of his employees and shows them a chart of their sales numbers for each month compared to their budgeted quota for the year to date. Additionally, Wade and each employee set mutually agreed upon, off-budget goals for the remaining six months of the fiscal year. This is most representative of which performance appraisal method?
A) 360-degree feedback
B) critical incidents
C) MBO
D) BARS
E) graphic rating scales

Question

Quizplus · Accepted Answer

This scenario describes the Management by Objectives (MBO) method, which involves setting specific, achievable goals and objectives between the manager and employee. It also involves regularly reviewing progress towards those goals. This is not a 360-degree feedback method, as it only involves the manager and employee. It is also not a critical incidents method, which focuses on specific examples of exceptional or poor performance. BARS and graphic rating scales are types of performance rating systems, not methods for setting goals and objectives.

Refer to the Scenario Below to Answer the Following Questions