A Manager Evaluates a Subordinate's Job Performance and His Contributions

question 8

Multiple Choice

A manager evaluates a subordinate's job performance and his contributions to the organization. This is known as the process of

• A)control appraisal.
• B)selection testing.
• C)performance appraisal.
• D)results testing.

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Definitions:

Market Period

A period during which sellers are unable to change quantity offered for sale in response to a change in price.

Quantity Supplied

The amount of a product that producers are willing to supply at a given price.

Elasticity of Demand

This term measures how sensitively the quantity demanded of a good responds to a change in its price; a rephrased definition of Elasticity related to demand.

Very Inelastic

Describing a situation where the demand or supply for a good or service is largely unaffected by changes in price.