The Continuous Process of Identifying, Measuring, and Developing the Performance

question 31

Multiple Choice

The continuous process of identifying, measuring, and developing the performance of individuals and teams and aligning their performance with the organization's goals is known as ________.

• A)strategic management
• B)performance analysis
• C)performance appraisal
• D)performance management

---

Definitions:

Short Run

A period in which at least one input or factor of production is fixed, allowing only some inputs to change.

Long Run

A period of time in economics during which all inputs and factors of production can be adjusted, allowing for full industry adjustment to changes.

Production

The process of combining inputs to make goods or services.

LAC Curves

The Long-Run Average Cost curves, which show the minimum average cost of production at different levels of output.