The Performance Appraisal Method Which Is Similar to Grading on a Curve

question 77

Multiple Choice

The performance appraisal method which is similar to grading on a curve and which places a predetermined percentage of ratees in various performance categories, is the

• A)paired comparison method.
• B)critical incident method.
• C)alternation ranking method.
• D)graphic rating scale.
• E)forced distribution method.

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Definitions:

Real Wages

Wages adjusted for inflation, representing the purchasing power of income earned through work.

Resource Prices

Resource prices refer to the cost associated with the inputs used in the production of goods and services, including raw materials, labor, and capital.

Expansionary Gap

A situation in macroeconomics where the actual production of goods and services exceeds the economy's potential output, often leading to inflation.

Short-Run Aggregate Supply Curve

A graphical representation that shows the relationship between the total supply of goods and services produced by an economy at various price levels in the short term.