One of the Most Important Contributors to the Success of the Performance

question 16

Multiple Choice

One of the most important contributors to the success of the performance appraisal process is that:

• A) appraisals are performed at the same time every year
• B) managers are equipped with the required skills to perform the process and that they are consistent and fair in their appraisals
• C) the results of the performance appraisal are stored in human resource information systems so that all employees can access them
• D) managers closely control the process and minimise employee input

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Definitions:

Marginal Revenue Product Curve

A graphical representation showing the additional revenue generated by employing one more unit of a resource.

Marginal Revenue Product

The additional revenue generated from employing one more unit of a resource, assuming all else constant.

Labor Supply Curves

Graphical representations showing the relationship between the wages offered by employers and the amount of labor workers are willing to supply at those wages.

Marginal Revenue Product

The extra income obtained by utilizing an additional unit of a resource.