Which of the Following Is a Defining Characteristic of a 360-Degree

question 13

Multiple Choice

Which of the following is a defining characteristic of a 360-degree feedback method?

• A) It requires that only the supervisor assess the subordinates.
• B) It combines assessments from several sources.
• C) It combines the checklist appraisal and the work-standards approach.
• D) It is also known as peer review.

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Definitions:

Natural Monopoly

An industry that realizes such large economies of scale that single-firm production of that good or service is most efficient.

Profit-Maximizing Price

The price at which a firm can sell its product to earn the maximum possible profit on those sales.

Marginal Revenue

The additional income from selling one more unit of a good; it is the change in total revenue from an additional unit sold.

Marginal Revenue

The increase in revenue resulting from the sale of one additional unit of a product.