MATCHING KEY TERMS AND DEFINITIONS

question 1

Multiple Choice

MATCHING KEY TERMS AND DEFINITIONS
-Evaluating employees based on the way an evaluator perceives himself or herself.

• A)Absolute standards
• B)Relative standards
• C)Individual ranking
• D)360-degree appraisals
• E)Peer evaluation
• F)Performance measurement
• G)Halo error
• H)Graphic rating scale
• I)Leniency error
• J)Documentation
• K)Paired comparison
• L)Similarity error
• M)Attribution theory
• N)Management by objectives (MBO)
• O)Forced-choice appraisal

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Definitions:

Import-substitution Strategies

Economic policies and practices aimed at replacing foreign imports with domestic production.

Economists

Professionals specialized in the study of economics, focusing on the production, distribution, and consumption of goods and services.

Economic Development

The process of improving economic well-being and quality of life through economic growth, creation of jobs, and the implementation of social and technological advancements.

Entrepreneurial Activity

The act of starting new businesses, initiating innovations, and introducing new products or services to the market, often seen as a driver of economic growth.