A Recommended Way of Using the Performance Appraisal to Impress

question 25

Multiple Choice

A recommended way of using the performance appraisal to impress your boss is to:

• A) explain how you have performed better than your co-workers.
• B) make suggestions for improving your job and the company.
• C) demand a superior rating because you have high goals.
• D) point out how your boss can improve as a manager.

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Definitions:

Marginal Revenue

The rise in income generated by selling an additional unit of a product or service.

Average Total Cost

The cost per unit of output, calculated by dividing the total production cost by the total quantity produced.

AVC Curve

A graph representing the average variable cost of producing different quantities of output, typically U-shaped due to economies and diseconomies of scale.

Short-run Shut-down Price

The price level at which a firm's total revenue is equal to its variable costs, below which it should cease operations.