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How Are Summative and Formative Assessment Different? Why Might Formative

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How are summative and formative assessment different? Why might formative assessment be so important?

Understand the limitations of official unemployment statistics.
Understand the definition and measurement of inflation through various indexes like CPI.
Understand and identify different types of unemployment and their implications.
Comprehend the inflation rate calculation and its significance.

Definitions:

Job Turnover

The rate at which employees leave a company and are replaced by new employees.

Employee Engagement

Refers to the extent to which employees feel passionate about their jobs, are committed to the organization, and put discretionary effort into their work.

Being a Company Man

A term used to describe an employee who is extremely loyal to their company, often to the extent of prioritizing the company's interests over personal ones.

Absenteeism

The frequent absence of an employee from work without valid reasons, which can negatively impact business operations.

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