Final answer:
The most likely true statement about high-performance companies is that most employees receive regular performance appraisals. These appraisals aid in aligning employee goals with company objectives and foster a productive and growth-oriented environment. Other options presented are less indicative of the characteristics of high-performance companies.
Option 'C' is the correct.
Step-by-step explanation:
The question asks about the characteristics of high-performance companies. Among the options given, the most likely true statement is that most employees receive regular performance appraisals.
Regular performance appraisals are a hallmark of high-performing companies as they ensure that employee goals are aligned with the company’s objectives, and provide opportunities for feedback and development.
Moreover, high-performance companies tend to invest in their employees’ development to foster a growth-oriented and productive environment.
This can lead to increased job satisfaction and reduced turnover rates. Therefore, the statement 'Employee turnover is extremely high' is unlikely to be true for such companies.
High-performance organizations usually have a robust internal promotion system, making the statement 'The majority of jobs are filled externally' less likely.
While union membership may offer advantages like job training and potentially higher productivity due to higher wages and longer tenure, this is not exclusive to high-performance companies and so 'Most employees are members of a local labor union' is not specifically indicative of a high-performance company.
Lastly, 'Only executives are eligible for incentive pay' is contrary to modern high-performance company practices, where incentives are often extended to all levels of employees to drive performance and motivation.