Which of the Following Is an Effective Practice for a Manager

question 56

Multiple Choice

Which of the following is an effective practice for a manager to apply when conducting an employee's performance appraisal interview?

• A) Evaluating the employee based on his or her personality
• B) Concentrating on the employee's weaknesses
• C) Knowing the employee's job description
• D) Being as subjective as possible

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Definitions:

Monopolistically Competitive

A market structure in which many companies sell products that are similar but not identical, allowing for some degree of market power and product differentiation.

Economic Profits

Economic profits are the excess returns over the total costs, including both explicit and implicit costs.

Pure Competition

A market structure characterized by a large number of small firms, identical products sold by all firms, no barriers to entry or exit, and perfect information among buyers and sellers.

Monopolistic Competition

A market structure characterized by many competitors selling products that are substitutes but differentiated from one another by branding or quality.