Firms That Use Performance Management Are More Likely to Keep

question 86

Multiple Choice

Firms that use performance management are more likely to keep employee performance on track through the use of ________.

• A) rewards
• B) punishments
• C) job enlargements
• D) job postings

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Definitions:

Price Effect

The price effect describes how changes in price influence the quantity demanded or supplied in the market.

Oligopolist

A market participant in an oligopoly, a market dominated by a small number of firms.

Production Decision

The determination made by a firm regarding the quantity of goods or services to be produced, based on factors like cost of production, market demand, and competition.

Output Effect

The impact on the total production/output of a firm or economy as a result of changing price levels, often referring to the relationship between price changes and quantity supplied.