The Figure Above Shows Two Budget Lines

question 40

Multiple Choice

The figure above shows two budget lines.
-Based on the figure above,which of the following would lead the budget line to change from BL₀ to BL₁?

• A) A rise in the price of water.
• B) A fall in the price of water.
• C) A rise in the price of water and the price of gum.
• D) A decrease in the consumer's budget.
• E) An increase in the consumer's budget.

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Definitions:

Graphic Rating Scale

A method used in evaluations, consisting of a line or scale on which respondents indicate their opinions or performance levels.

Performance Outcomes

The results or achievements of an individual or organization's work, often measured against predefined goals or standards.

Forced Distribution

In performance appraisal forces a set percentage of persons into predetermined rating categories.

Performance Appraisal Method

The specific technique or process used to evaluate an employee's job performance, such as self-assessment, peer review, or objective metrics.