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To produce honey, beekeepers place hives of bees in the fields of farmers. As bees gather nectar, they pollinate the crops in the fields, which increase the yields of these fields at no additional cost to the farmer. What might be a reasonable private solution to this externality, and how might the solution be reached?
Performance Appraisal
A process by which a manager or consultant evaluates and provides feedback on an employee's work performance.
Alternation Ranking
A method used in job evaluation where jobs are ranked based on alternating highest and lowest demands for certain criteria.
Performance Measurement
The process of evaluating the effectiveness and efficiency of actions or outputs of employees, departments, or organizations.
Subordinates
Employees or individuals who are under the authority of a supervisor or manager.
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