Examlex
Which performance appraisal technique involves input from one's boss, peers, and subordinates?
Production Possibilities Frontier
A graph that shows the highest production levels of two products, based on available resources and various factors.
Trade-offs
The idea of sacrificing one positive aspect or perk to obtain another that is considered to be more desirable.
Production Possibilities Frontier
A curve depicting the maximum attainable combinations of two products that may be produced with available resources and current technology.
Efficient
Achieving maximum productivity with minimum wasted effort or expense; in economics, an allocation of resources in which it is impossible to make any one individual better off without making someone else worse off.
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