A Behaviorally Anchored Rating Scale (BARS)rates Employee Gradations in Performance

question 73

True/False

A behaviorally anchored rating scale (BARS)rates employee gradations in performance according to scales of specific behaviors.

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Definitions:

Labor Schedule

A plan outlining the allocation and timing of employees' work hours.

Product Demand

The desire and willingness of consumers to purchase a specific quantity of a good or service at a given price within a certain time period.

Marginal Revenue Product

The additional revenue generated by employing one more unit of a resource, such as labor or capital.

Marginal Revenue Product

The boost in revenue achieved by adding one more unit of a factor involved in production.