The Biggest Challenge of the Production Standards Approach to Performance

question 54

True/False

The biggest challenge of the production standards approach to performance appraisal is a lack of availability of appropriate standards for different job categories.

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Definitions:

Marginal Productivity

The additional output resulting from the use of one more unit of a factor of production, holding other factors constant.

Labor-saving

Technologies or methods that decrease the amount of work required to produce goods or services, often leading to increased efficiency.

Marginal Productivity

The additional output that results from using one more unit of a factor, holding all other inputs constant.

Labor-saving

Technologies or methods that reduce the amount of work required to produce goods or services, often leading to increased efficiency and productivity.