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Gerald Is Conducting a Performance Appraisal of the Employees in His

question 8

Multiple Choice

Gerald is conducting a performance appraisal of the employees in his department,ranking them from the most to the least valuable.He lists the names of the employees to be rated on the left side of a sheet of paper.Then he chooses the most valuable employee on the list,crosses that name off the left-hand list,and puts it at the top of the column on the right-hand side of the paper.Next,he selects and crosses off the name of the least valuable employee from the left-hand column and moves it to the bottom of the right-hand column.Gerald repeats this process for all of the names on the left-hand side of the paper.The resulting list of names in the right-hand column gives a ranking of the employees from the most to the least valuable.Identify the ranking method Gerald is using.

Definitions:

Superstar Phenomenon

The tendency for small differences in talent or output to translate into large differences in recognition and earnings, particularly seen in sports and entertainment industries.

Supply Curve

A graph illustrating the relationship between the price of a good and the quantity of that good that producers are willing to supply.

Earn Per Hour

The rate at which an individual is compensated financially for each hour of work.

Wage

The compensation received by workers for their labor, typically quoted on an hourly, daily, or weekly basis.