Which of the Following Is True of Performance Appraisal

question 57

Multiple Choice

Which of the following is true of performance appraisal?

• A)
• Performance management is a part of performance appraisal.
• B)
• Performance appraisal is the process of determining how well employees do their jobs relative to a standard and communicating that information to them.
• C)
• Performance appraisal is the same as performance management.
• D)
• Performance appraisal refers to the entire series of activities designed to ensure that the organization gets the performance it needs from its employees.

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Definitions:

Cross-Price Elasticity

An assessment of how the demand for one product adjusts in response to price variations of a different product.

Substitute Goods

Goods that can be used in place of each other, where the increase in the price of one leads to an increase in the demand for the other.

Cross-Price Elasticity

A metric that measures the responsiveness of the demand for one good to a change in the price of another good.

Quantity Demanded

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