The Primary Purpose of Performance Reviews Is to Correct Poor

question 64

True/False

The primary purpose of performance reviews is to correct poor performance.

---

Definitions:

Elasticities

Measures of how much the quantity demanded or supplied of a good responds to changes in price, income, or other factors.

Elasticity

A measure of how much the quantity demanded or supplied of a good changes in response to a change in price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price.

Change in Price

The variation in the price level of goods or services over a period of time.