When a Manager's Career Development Role Is That of an Appraiser,he

question 42

Multiple Choice

When a manager's career development role is that of an appraiser,he or she:

• A) teaches specific job-related or technical skills.
• B) arranges for employees to participate in a high-visibility activity.
• C) reviews an established development plan on an ongoing basis.
• D) listens to and understands an employee's real concerns.

Understand the concept of ratification in the context of agency law.

Recognize the legal definitions and criteria for partnership as outlined in the Partnership Act.

Understand the concept of production possibility frontiers (PPFs) and their shapes.

Identify factors that lead to the movement between points on the PPF.

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Definitions:

Vicariously Liable

Legal responsibility of one party for the actions of another party, typically in an employer-employee relationship.

Formal Steps

Formal steps are specific procedures required by law or regulation to complete a legal action or process.

Incorporate

To incorporate is to legally form a corporation by filing required documents with a governmental entity, granting the company distinct legal status from its owners.

Unlimited Liability

The liability of the sole proprietor or the partners for all debts incurred by the business to the extent of their personal resources.