​Managers Who Use Performance Appraisals in Which They Judge or Estimate

question 195

Multiple Choice

​Managers who use performance appraisals in which they judge or estimate the employee's performance level and rank employees on a scale are called

• A) ​judgmental methods.
• B) ​subjective methods.
• C) ​performance appraisals.
• D) ​objective methods.

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Definitions:

Quantity Supplied

The quantity of a product or service that suppliers are ready and capable of offering for sale at a specific price point.

Quantity Demanded

The total number of units of a good or service that consumers are willing and able to purchase at a given price in a given time period.

Increase in Demand

A situation in which more of a product or service is desired, leading to a shift of the demand curve to the right.

Ceteris Paribus

A phrase in Latin that translates to "with all other conditions remaining the same," employed to examine the impact of a single variable while holding others constant in economic studies.