Examlex
Development of performance standards is typically the first stage of a guided self-appraisal system using management by objectives (MBO).
Utility
An indicator of pleasure or contentment obtained from the acquisition and use of products and services.
Utils
A theoretical unit of measurement used in economics to quantify the amount of utility or satisfaction derived from consuming goods and services.
Indifference Curves
Graphical representations in economics, illustrating different combinations of goods or services among which a consumer is indifferent.
Ordinary Goods
Goods for which demand increases as consumer income increases and decreases as consumer income decreases, opposite to inferior goods.
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