All of the Following Are Considered Best Practices for Administering

question 17

Multiple Choice

All of the following are considered best practices for administering fair performance appraisals EXCEPT ________.

• A)explaining how subordinates can improve their performance
• B)basing the appraisal on observable job behaviors
• C)using subjective performance data for appraisals
• D)training supervisors how to conduct appraisals

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Definitions:

Average Total Costs

The total cost of production divided by the number of units produced, reflecting the average cost per unit.

Total Variable Cost

The total of all costs that vary with output level, including materials, labor, and other expenses that increase as production increases.

Implicit Costs

The opportunity costs of using resources owned by the firm for its own use, rather than earning income from these resources elsewhere.

Explicit Costs

Direct, out-of-pocket payments for inputs or resources employed in the production of goods or services.