Examlex
When an appraiser rates employees based on items on a continuum with the points reflecting actual behaviors on a given job, this type of evaluation is called _______.
Crony Capitalism
A type of economic system where business success is heavily influenced by close relationships between business owners and government officials.
Government Regulation
Government regulation encompasses the laws and rules set forth by the government intended to control or manage certain practices, activities, or behaviors within an economy or society.
Entry Barriers
These are obstacles that prevent or hinder new competitors from easily entering an industry or area of business.
Government Failure
Situations where government interventions in the economy cause more inefficiency and problems than they solve.
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