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If Nelson Writes Down Specific Examples of His Employees' Good

question 3

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If Nelson writes down specific examples of his employees' good and bad performance as they occur, and later he uses that evidence during performance appraisals, he is relying on which performance appraisal technique?

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Definitions:

Purely Competitive Firm

A business that operates in a market where there are many sellers and buyers, the product is homogeneous, and there is free entry and exit from the market.

Units of Output

The quantity of goods or services produced by a company, industry, or economy within a specific period.

Marginal Revenues

The extra earnings accrued by selling an additional unit of a good or service.

Purely Competitive Firm

A company operating in a market with many buyers and sellers, where no single entity can influence the price of its product.

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