Anil Was Just Named Top Employee of the Month

question 68

Multiple Choice

Anil was just named top employee of the month.To decide who would receive this honor,management must have used the ______ method of performance appraisal.

• A) ranking
• B) management by objectives
• C) graphic rating
• D) behavioral anchored rating

Understand the concepts of marginal revenue product and its influence on labor demand.

Decode the significance of economic rent in differentiating the earnings of various jobholders.

Learn how to calculate real wages and understand their significance over time.

Recognize the influence of supply and demand in setting wage levels and economic rent.

---

Definitions:

Industrialized

Referring to countries, economies, or societies that have developed complex industries in wide-ranging sectors and demonstrate significant technological advancement.

Postmodern City

An urban setting characterized by a complex, decentralized spatial arrangement reflecting the diversity of social life in the postmodern era.

Privatized

The process of transferring ownership or control of a public service, enterprise, or property from the government to private individuals or organizations.

Globalized

Globalized refers to the process by which businesses, technologies, cultures, or ideas spread worldwide, leading to increased interconnectedness and interdependence among nations and peoples.