- Refer to the Labor Market in Figure 33

question 7

Multiple Choice

- Refer to the labor market in Figure 33.5.Suppose the government imposes a payroll tax on employers.How much of the tax burden is passed on to workers?

• A)$10 - $8 = $2 per hour.
• B)$10 - $7 = $3 per hour.
• C)$8 - $7 = $1 per hour.

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Definitions:

Norm-Referenced Appraisals

Employee evaluation method comparing an individual's performance against that of their peers, rather than on a set of absolute criteria.

Straight-Ranking

A method of performance evaluation where employees are compared to each other and ranked in a simple list format.

Forced Distribution

A performance management system where employee evaluations are distributed along a bell curve, forcing rankings among an employee population.

Performance Feedback

The process where an individual's work performance is assessed and communicated back to them, usually by a supervisor or peer, to improve and develop their professional capabilities.