Made4U Goods,Inc

question 29

Multiple Choice

Made4U Goods,Inc.,asks its employees,many of whom are mem?bers of the National Machinists Union,to apply the utilitarian theory of ethics.This theory does not require

• A)a choice among alternatives to produce the maximum so?cietal utility.
• B)a determination of whom an action will affect.
• C)an assessment of the effects of alternatives on those affected.
• D)the acquiring of the means of production by workers.

Comprehend the reasons behind separating discussions of pay from performance appraisals.

Understand the role of regulatory bodies in setting guidelines for performance appraisals.

Distinguish between the advantages and disadvantages of various appraisal methods.

Grasp the concepts of appraisal biases and how they impact performance ratings.

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Definitions:

Complements

Items or services used together, where the use of one increases the demand for the other.

Consumer Surplus

The variance between the aggregate amount consumers intend and can afford to pay for a good or service and the total they actually do pay.

Supply Curve

A supply curve is a graph that shows the quantity of goods that producers are willing to sell at different prices, typically depicting a positive relationship between price and quantity supplied.

Demand Curve

A graphical representation of the relationship between the price of a good or service and the quantity demanded for a given period, typically downward sloping.