One of the Main Drawbacks of Ranking and Forced Distribution

question 27

True/False

One of the main drawbacks of ranking and forced distribution is that it offers an employee very little developmental opportunity via feedback

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Definitions:

Increasing Opportunity Cost

Increasing opportunity cost implies that producing more of one good requires giving up an increasing amount of production of another good, reflecting resource specialization.

Consumer Goods

Products and services that are purchased for personal use or consumption.

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing to allocate resources in a particular way.

Production Possibility Frontier

A graph that shows all the highest possible production levels for two products, based on available resources and technological capabilities.