Who Is in the Best Position to Observe and Evaluate

question 69

Multiple Choice

Who is in the best position to observe and evaluate an employee's performance for the purposes of a performance appraisal?

• A)customers
• B)rating committees
• C)top management
• D)immediate supervisor

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Definitions:

Excess Supply

The situation where the quantity of a good or service supplied exceeds the quantity demanded at the current price.

Price

is the amount of money required to purchase a good or service, serving as the exchange rate between money and the good or service.

Quantity Supplied

Quantity Supplied refers to the amount of a good or service that producers are willing and able to sell at a given price.

Market Equilibrium

Occurs when the quantity of goods demanded by consumers equals the quantity of goods supplied by producers, resulting in a stable market price.