_____ Refers to the Phenomenon in Which a Small Increase

question 41

Multiple Choice

_____ refers to the phenomenon in which a small increase or decrease in consumer demand can produce a much larger change in demand for the facilities and equipment needed to make the consumer product.

• A)The multiplier effect
• B)Reciprocity
• C)The conversion rate
• D)Frequency

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Definitions:

Behaviorally Anchored Rating Scale

A method for evaluating employee performance based on specific behavioral examples that represent different levels of achievement.

Performance Appraisal

A systematic evaluation of an employee's job performance and productivity, typically conducted by their supervisor or manager, to inform decisions about promotions, raises, and training.

Forced Distribution Method

A performance evaluation method that assigns a certain percentage of employees to predetermined categories, such as high, average, or low performers, often resulting in a bell curve distribution.

Performance Appraisal

The method of assessing a worker's performance and output in comparison to predefined standards and the goals of the organization.