For Some Commodities, Purchases Tend to Decrease as the Buyer's

question 2

Multiple Choice

For some commodities, purchases tend to decrease as the buyer's income increases.Such commodities are known as:

• A)common goods.
• B)inferior goods.
• C)inverse goods.
• D)normal goods.

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Definitions:

Feedback

Information employers give employees about their skills and knowledge and where these assets fit into the organization's plans.

Behaviorally Anchored Rating Scales (BARS)

An appraisal system that evaluates employees' performance based on specific behavioral examples related to job performance.

Bias

A tendency, inclination, or prejudice towards or against something or someone, often in a way considered to be unfair.

Performance Appraisal

A systematic evaluation process of an employee's job performance and productivity in relation to certain pre-established criteria and organizational objectives.