Ryan's Manager Provided Him with a Performance Appraisal That Covered

question 31

Multiple Choice

Ryan's manager provided him with a performance appraisal that covered the past six months.Ryan asked his manager on what the appraisal was based.Ryan contends that his manager only came to Ryan's work area once or twice in the past six months and could not possible know enough about Ryan's work to write an appraisal.What aspect of good performance appraisals does Ryan's appraisal appear to be missing?

• A)based on mission and objectives
• B)reliable
• C)accepted
• D)feasible

---

Definitions:

Ed

A common abbreviation for price elasticity of demand, which measures how much the quantity demanded of a good responds to a change in its price.

Total Revenues

The total amount of money generated by a business from the sale of goods and services before any costs or expenses are deducted.

Unit Elasticity

Unit elasticity refers to a situation where a change in the price of a good or service results in a proportionally equal change in the quantity demanded or supplied, indicating a unitary elasticity of demand or supply.

Maximum Total Revenue

The highest possible earnings that a firm can achieve from the sale of goods or services, typically found by optimizing price and quantity sold.