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Renu has been hired as the first human resources professional at a growing landscape architecture firm, Terrastyle Inc.She is considering changing the current performance appraisal method, the graphic rating scale, to the forced distribution method of performance appraisal.What criticism of using this method do you advise her about?
Short-Run Equilibrium
A state in which market supply and demand balance out at current prices, leading to an economic situation where no incentive exists for prices to change.
Allocative Efficiency
A state of resource distribution where it is impossible to make one individual better off without making someone else worse off.
Economic Profit
The difference between total revenues and total economic costs, including both explicit and implicit costs.
Industry
A sector of the economy composed of businesses and organizations involved in the production of goods or provision of services.
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