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The last step in performance appraisal is to
Apple Juice
A fruit drink made by pressing apples and extracting the fluid, commonly consumed as a beverage.
Transitivity
A principle that if one option is preferred over a second, and the second is preferred over a third, then the first option is preferred over the third.
Consumer Preferences
The subjective tastes, as expressed by the utility function, that guide consumer choices in the marketplace.
Nonsatiation
The economic assumption that consumers always prefer more of a good to less, holding everything else constant.
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