What are the pros for of 360 degree performance appraisals, Ask an Expert

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1) What are the pros ("for") of 360 degree performance appraisals and feedback?

2) What are the cons ("against") of 360 degree performance appraisals and feedback?

3) Do you think you would like your performance to be appraised in this manner? Why or Why not? (I am looking for opinion here for variation).

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