Full Employment Exists When

question 264

Multiple Choice

Full employment exists when

• A) there is only frictional and structural unemployment.
• B) the economy is at the natural unemployment rate.
• C) there is no cyclical unemployment.
• D) All of the above answers are correct.

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Definitions:

Norm-Referenced Appraisals

Employee evaluation method comparing an individual's performance against that of their peers, rather than on a set of absolute criteria.

Straight-Ranking

A method of performance evaluation where employees are compared to each other and ranked in a simple list format.

Forced Distribution

A performance management system where employee evaluations are distributed along a bell curve, forcing rankings among an employee population.

Performance Feedback

The process where an individual's work performance is assessed and communicated back to them, usually by a supervisor or peer, to improve and develop their professional capabilities.