"Brain-Drain" Refers to the

question 110

Multiple Choice

"Brain-drain" refers to the

• A) relatively low levels of human capital in low-income countries.
• B) effect of migration on human capital levels in high-income countries.
• C) emigration of highly educated workers to higher-income countries.
• D) inability of workers in low-income countries to achieve the levels of human capital possessed by workers in high-income countries.

Recognize the importance and methods of follow-up post-performance appraisal interviews.

Identify and understand the concept of proximity bias and its impact on performance appraisal.

Acknowledge the role of a formal performance appraisal in ensuring comprehensive employee feedback.

Grasp the sequential steps in conducting an effective performance appraisal interview.

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Definitions:

Rate Variance

The difference between an expected or standard cost and the actual cost incurred, often used in budgeting and financial analysis to gauge performance.

Standard Wage Rate

The predetermined rate of pay for a specific job or task over a set time period.

Wage Rate

The amount of compensation paid to an employee per unit of time (e.g., hour, day, week) for their labor.

Direct Materials Quantity Variance

This measures the difference between the actual quantity of materials used in production and the standard amount expected to be used.