A Completed Performance Appraisal Form

question 69

Multiple Choice

A completed performance appraisal form:

• A)must be kept in the employees files for a maximum of one year
• B)is a legal document
• C)is an internal document that has no importance outside of the organization itself
• D)must be done in duplicate with one copy submitted to the provincial labour relations board
• E)must be done in duplicate with one copy given to the employee as required by labour legislation

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Definitions:

Quantity Supplied

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

Equilibrium Price

The price at which the inventory of goods available meets the consumer demand in the marketplace.

Equilibrium Quantity

The level of goods or services on offer and in demand at the market's equilibrium price.

Demand Equation

A mathematical representation of the relationship between the quantity demanded of a good and its price, along with other factors like income and prices of related goods.