Which of the Following Is the Oldest and Most Commonly

question 22

Multiple Choice

Which of the following is the oldest and most commonly used individual evaluation method?

• A) Forced choice
• B) Essay evaluation
• C) Graphic rating scale
• D) Critical incident technique

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Definitions:

Implicit Costs

Non-direct payments or out-of-pocket costs, representing the opportunity costs of using resources owned by the firm for its own use.

Explicit Costs

Payments made directly to individuals or entities for business operations, including salaries, leasing costs, and supplies.

Implicit Costs

The opportunity costs of using resources that a firm already owns, rather than the expenses directly paid out.

Explicit Costs

Direct, out-of-pocket expenses incurred by a firm or individual for business operations or activities.