Questions that prespecify the set of response alternatives and the response format are called ________

The establishment of performance standards

A. Is not necessary until the performance appraisal method has been selected. B. Is determined for each individual employee. C. Is necessary in order to have a basis or standard against which to evaluate employees. D. Is generally considered to be a nonproductive activity.

Three years from now you will begin receiving annual payments of $7,200. This will continue for 14 years. At a discount rate of 5.8%, what is the present value of this stream of cash flows?

A) $60,534.84 B) $57,216.29 C) $64,045.86 D) $54,523.00 E) $51,253.11