This Appraisal Method/approach Involves Both the Employee and Manager Developing

question 12

Multiple Choice

This appraisal method/approach involves both the employee and manager developing performance objectives together.

• A) Behavioral measures
• B) Objective measures
• C) Critical incidents
• D) Checklists
• E) None of the above answers are correct

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Definitions:

Consumer Surplus

The discrepancy between consumer willingness to pay a total amount for a product or service and the amount they really do pay.

Consumer Surplus

The difference in the total amount consumers are predisposed and financially prepared to pay for a good or service versus their actual expenses.

Normal Good

A good for which demand increases as consumer income rises, and decreases when consumer income falls, all other factors being constant.

Decrease in Income

A reduction in the amount of money received by an individual or entity, which can affect consumption and saving behaviors.