The ________ Appraisal Seeks Performance Feedback from Such Sources as Oneself,bosses,peers,team

question 9

Multiple Choice

The ________ appraisal seeks performance feedback from such sources as oneself,bosses,peers,team members,customers,and suppliers and has become very popular in contemporary organizations.

• A)paired comparison
• B)group order ranking
• C)absolute standards
• D)360-degree
• E)critical incidents

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Definitions:

Total Variable Cost

The total of expenses that change in proportion to the activity of a business, such as materials and labor, in contrast to fixed costs.

Marginal Cost

The cost of producing one additional unit of a good, calculated by the change in total cost that comes from producing one more unit of output.

Increasing Rate

Increasing rate refers to a situation where the growth or rate of any variable, such as price, cost, or production, rises over a period.

Average Fixed Costs

The fixed costs of production (costs that do not change with the level of output) divided by the quantity of output produced.