A Graphic Rating Scale Is Best Defined as a Performance

question 65

Multiple Choice

A graphic rating scale is best defined as a performance appraisal

• A) that primarily marks the degree to which an employee has achieved various characteristics.
• B) that primarily measures the relative performance of employees in a group.
• C) that presents an appraiser with sets of statements describing employee behavior and that requires the appraiser to rate the statements.
• D) that requires a supervisor to keep a written record of incidents that show positive and negative ways an employee has acted.

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Definitions:

Marginal Revenue Product

The additional revenue a firm earns by employing one more unit of input, like labor or capital, in the production process.

Wage Rate

The amount of compensation a worker receives for performing a service, typically measured per hour or unit of work.

Employment

The state of having a paid job or being engaged in a productive activity.

Marginal Wage Cost

The additional cost incurred by an employer for hiring one more unit of labor.