Ray Stokes Is a Supervisor in a Local Factory

question 100

Multiple Choice

Ray Stokes is a supervisor in a local factory.When Ray appraises his employees' performance,he often exhibits the halo effect.In other words,Ray ____.

• A) rates all the employees in an organization as "satisfactory" or better
• B) gives an employee the same rating on nearly all dimensions
• C) ignores an employee's critical incidents
• D) uses objective measures only when they are to the benefit of the employees

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Definitions:

Elasticity of the Demand

A measure of how the quantity demanded of a good responds to a change in its price.

Technological Changes

Innovations or improvements in technology that enhance productivity, efficiency, or quality in the production of goods and services.

Monopoly Power

The exclusive control or possession of the supply or trade in a commodity or service, often eliminating competition.

Elastic

Describes a market condition where the quantity demanded or supplied of a good or service is sensitive to changes in its price.