What Is the Difference Between a Normal Good and an Inferior

question 133

Essay

What is the difference between a normal good and an inferior good? Give an example of each.

Understand the computation of dollar-weighted and time-weighted returns on investments.

Gain knowledge on the use of Sharpe, Treynor, Jensen, and information ratio measures to evaluate investment performance.

Calculate and analyze the performance measures of mutual funds and individual stocks.

Understand the impact of asset allocation and selection within markets on the total abnormal return of an investment.

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Definitions:

Rating Scales

Tools used in evaluations, allowing respondents to indicate their opinion or performance level along a continuum.

Ranking Method

An evaluation process where jobs or employees are compared to each other and ranked based on a predetermined criterion.

Talent Management

“A systemic attraction, identification, development, engagement/retention, and deployment of those individuals with high potential who are of particular value to the organization.”

High Potential

Refers to individuals within an organization identified as having the capability and aspiration to hold successive leadership positions within the company.