The Performance Evaluation Method That Requires a Rater to Place

question 70

Multiple Choice

The performance evaluation method that requires a rater to place each employee in order from best to worst is the:

• A) behaviour observation scale
• B) behaviourally anchored rating scale
• C) ranking method
• D) performance tests and observations
• E) forced distribution method

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Definitions:

Prospect Theory

A behavioral economic theory that describes how people choose between probabilistic alternatives that involve risk, where the probability of outcomes is uncertain.

Investment Return

signifies the gain or loss on an investment over a specified period, usually expressed as a percentage of the investment's cost.

Endowment Effect

A psychological phenomenon in which people value an owned object higher than a similar object they do not own.

Resale

The act of selling a previously bought product, typically used, to another buyer.