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In the space provided in the graph above, draw a perfectly elastic demand curve D1, and a very elastic demand curve, D2.
Rater Bias
The tendency of assessors, such as managers or supervisors, to make inaccurate appraisals of others due to personal bias or preconceptions.
Performance Appraisal System
A formal process by which an employee's job performance is assessed, typically involving evaluation against predefined objectives and providing feedback for development.
Reliable
The quality of being consistently good in performance, accuracy, or dependability.
Valid
Legally or logically sound; having legitimacy or credibility, typically applied to arguments, conclusions, or documents.
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