What configuration should be enabled for employees and managers to select corporate values from a pool and provide ratings?

Enabling the select competencies option within the section rights allows employees and managers to choose specific corporate values from a defined pool. This configuration directly facilitates the process of selecting values that are important for performance evaluation and development. By making these competencies available, it empowers users to not only rate but also engage more meaningfully with the values that align with the company's objectives, promoting a culture of performance and accountability.

This approach contrasts with other options that do not specifically cater to selecting corporate values. For example, enabling the use of multiple-choice questions generally applies to a broader context where structured response formats are useful, but it does not specifically address the selection and rating of corporate values. Open feedback options tend to focus on qualitative insights rather than structured evaluations of values. Meanwhile, peer review options concentrate on feedback among peers rather than the specific selection of corporate values by individual employees and managers. Thus, selecting competencies in section rights most directly aligns with the question's requirements.