A Coordination Game Is a Situation in Which

question 11

Multiple Choice

A coordination game is a situation in which:

• A) the players are better off choosing the same strategy than if they choose different strategies, but there is also more than one strategy on which to potentially coordinate.
• B) all players select the worst outcome.
• C) no player has an incentive to change his or her strategy unilaterally.
• D) one's costs are minimized.

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Definitions:

Performance Measures

Indicators or metrics used to assess the effectiveness, efficiency, and quality of work performed by individuals or organizations.

Benchmarks

Standard points of reference against which things can be compared or assessed to measure the quality or performance.

Performance Improvement Plan

A formal plan developed to help employees improve their performance in specific areas that have been identified as deficient.

Performance Management Plan

The documented plan of performance objectives set for the employee to achieve over the upcoming appraisal period.