Which of the Following Is the Primary Advantage of Using

question 20

Multiple Choice

Which of the following is the primary advantage of using graphic rating scales as performance appraisal tools?

• A)eliminates central tendency errors
• B)offers extremely high rate of accuracy
• C)provides quantitative rating for each employee
• D)links with mutually agreed upon performance objectives

---

Definitions:

Demand

The willingness and ability of consumers to purchase goods or services at various price levels.

Revenue

The earnings a company garners from its principal operations, often through selling products and services to its clientele.

Supply

The total amount of a particular good or service that is available to consumers at a given price level in a given time period.

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in its price; high elasticity indicates sensitivity to price changes.