Which of the Following Is the Most Important Use of Performance

question 5

Multiple Choice

Which of the following is the most important use of performance evaluation results?

• A) Employee compensation
• B) Employee promotion
• C) Employee training and feedback
• D) Personnel research

---

Definitions:

Elastic

Describes demand or supply that is highly sensitive to changes in price; a small change in price leads to a large change in the quantity demanded or supplied.

Perfectly Inelastic

Describing a situation where demand or supply does not change in response to changes in price.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price.

Price Elasticity

Quantifying the demand shift for an item in response to its price adjustments.