The Central Portion of a Road for High Speed Vehicles

question 22

Multiple Choice

The central portion of a road for high speed vehicles is known as

• A)motor way
• B)express way
• C)shoulder
• D)Both (a) and (b)

Understand the concept and characteristics of public goods, including non-excludability and non-rivalry in consumption.

Recognize the free rider problem and its impact on the provision of public goods.

Comprehend the reasons behind government intervention in providing public goods.

Identify and explain externalities and their effects on market outcomes.

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Definitions:

Comparative Performance Appraisal Methods

A range of techniques used to evaluate the performance of employees by comparing them against certain standards or against the performance of other employees.

Ranking

A method of ordering or classifying entities or individuals based on a set of criteria, often used for evaluation or comparison purposes.

Paired Comparison

A method of evaluation that involves comparing each item in a list with every other item in pairs to establish preferences or rankings.

Forced Distribution

A method in performance management where employee evaluations are distributed along a bell curve, forcing a ranking of employees from top to bottom.