Max Is Evaluating Murray's Performance by Using Data About Accounts

question 58

Multiple Choice

Max is evaluating Murray's performance by using data about accounts that Murray manages.Murray maintained 100% of his existing accounts,and added additional services to 35% of his existing accounts.Max is evaluating Murray using a __________ appraisal.

• A)trait
• B)behavior
• C)statistical
• D)results

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Definitions:

Commodity

A basic good used in commerce that is interchangeable with other goods of the same type; commodities are often used as inputs in the production of other goods or services.

Comparative Advantage

The competency of a country, individual, corporation, or region to manufacture a good or provide a service at a reduced opportunity cost than that of its competition.

Relative Efficiency

A measure of how effectively an entity (such as a firm or economy) utilizes its resources compared to another, often used to identify opportunities for improvement.

Absolute Efficiency

A state where resources are allocated in the most effective way possible, achieving maximum output with given inputs.