Which of the Following Is an Example of the Administrative

question 61

Multiple Choice

Which of the following is an example of the administrative role of performance appraisal?

• A) identifying individual subordinate's weaknesses to determine coaching needs
• B) measuring subordinate's performance for making retention decisions during a layoff
• C) identifying the organization's training needs
• D) communicating feedback to the employee

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Definitions:

Per-Unit Profit

The difference between the selling price of a product and its cost of production on a per-item basis, indicating the profit generated from selling one unit of product.

AVC

Average variable cost refers to the division of the total variable expenses by the quantity of goods produced.

ATC

Average Total Cost, which refers to the total cost per unit of output, including both fixed and variable costs.

MC

In economics, MC stands for Marginal Cost, which is the cost of producing one additional unit of a good or service.