In Appraising the Performance of an Employee on an International

question 51

True/False

In appraising the performance of an employee on an international assignment, many appraisers resort to using criteria that are easy to measure rather than criteria that capture all responsibilities.

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Definitions:

Wage Decrease

A reduction in the pay rate of a worker or a group of workers.

Labor Supply

The total hours that workers are willing and available to work at a given wage rate, within a specific labor market.

Leisure

The time available for ease and relaxation when no work is done.

Labor Supply Curve

A graphical representation outlining the relationship between the wage rate and the amount of labor that workers are willing to supply.