The Process of Observing and Evaluating an Employee's Performance, Recording

question 114

Multiple Choice

The process of observing and evaluating an employee's performance, recording the assessment, and providing feedback to the employee is referred to as:

• A) orientation training.
• B) classroom training.
• C) a paper-and-pencil test.
• D) performance appraisal.
• E) none of these.

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Definitions:

Decreasing Returns to Scale

A situation in which, when the scale of production is increased, the output increases at a proportionally lower rate.

Minimum Efficient Scale

The smallest level of production a company can achieve while still taking full advantage of economies of scale in terms of costs per unit.

Long-Run Average Cost Curve

A graphical representation showing the lowest average cost of producing any output level when all inputs can be varied.

Plant Size

Plant Size pertains to the capacity or physical dimensions of a manufacturing or production facility.