In Constructing a Model,economists

question 168

Multiple Choice

In constructing a model,economists:

• A)might use a computer simulation.
• B)avoid making any assumptions.
• C)assume that all relevant factors are constantly changing.
• D)are prohibited from using mathematics.

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Definitions:

Central Tendency Error

A bias in evaluating others where assessments tend to cluster around a central point, ignoring extreme performances.

Performance Appraisal

A systematic evaluation process in which the work performance of an employee is assessed, typically by their manager, with feedback provided for future improvement.

Behaviorally Anchored Rating Scales

A performance appraisal method that uses specific examples of behavior to rate an employee's performance.

Performance Effectiveness

The level of success in accomplishing goals and resolving identified issues.