The Management Technique That Assesses an Employee's Performance by Directly

question 93

Multiple Choice

The management technique that assesses an employee's performance by directly assessing job performance behaviors is known as _____

• A)behaviorally anchored rating scales.
• B)management by objectives.
• C)360-degree feedback.
• D)behaviorally applicable rating scales.
• E)180 degree feedback.

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Definitions:

Natural Monopoly

A market condition where due to high fixed costs or unique product, a single firm can supply a product or service to an entire market at a lower cost than two or more firms.

Public Utility

A company providing essential services such as water, electricity, and telecommunications to the public, often regulated by the government.

Unnatural Monopoly

A market structure where a single company dominates due to artificial barriers, such as regulations or patents, rather than market forces.

Perfectly Elastic

A situation in economic theory where a small change in price leads to an infinite change in quantity demanded or supplied.