One Major Advantage of a Behaviorally Anchored Rating Scale Is

question 134

Multiple Choice

One major advantage of a behaviorally anchored rating scale is that

• A)it requires a great deal of employee participation which leads to greater acceptance.
• B)the same rating scale can be used across all the departments of an organization.
• C)it takes a relatively short time to develop.
• D)the rating scale can be developed with little expertise.

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Definitions:

Marginal Cost

The rise in expenses associated with the production of an extra unit of a product or service.

Price-searcher Firm

A company that determines the price of its products based on demand and supply conditions rather than prevailing market prices.

Competitive Price-searcher

A market scenario where sellers actively seek out buyers by setting prices independently to capture consumer demand.

Raise Price

The act of increasing the cost at which a good or service is sold, which can affect demand, revenue, and profit margins.