When Performance Is Below Standard or Below the Goal Set

question 6

True/False

When performance is below standard or below the goal set by the direct report,corrective feedback is used.

---

Definitions:

Marginal Product

The additional output gained by adding one more unit of a specific input, holding all other inputs constant.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource, such as labor or capital.

Variable Input

An input whose quantity can be changed in the short term by a firm to adjust the level of output.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a factor of production, like labor or capital.