FIGURE 2-1 -Refer to Figure 2-1. What Does the Arrow from the the Arrow

question 60

Multiple Choice

FIGURE 2-1

-Refer to Figure 2-1. What does the arrow from the product markets to the firms represent?

• A) revenue
• B) goods and services sold
• C) money income
• D) wages, rent interest, and profits

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Definitions:

Performance Appraisal System

A structured process through which employee performance is assessed, typically for the purpose of making decisions about promotions, compensation, and development.

Reliable And Valid

Terms referring to the consistency (reliability) and accuracy (validity) of a measurement or assessment tool.

Graphic Rating Scales

In performance appraisal assigns scores to specific performance dimensions.

Critical Incident Diaries

Record actual examples of positive and negative work behaviors and results.