Examlex

Solved

Relative Ranking Appraisals May Help an Organization Become More Performance-Oriented

question 10

True/False

Relative ranking appraisals may help an organization become more performance-oriented if they are used for a few years because they tend to weed out employees with persistent performance problems.


Definitions:

Marginal Utility

The increased gratification or utility obtained by consuming an additional unit of a good or service.

Total Utility

The total satisfaction received by a consumer from consuming a certain amount of a good or service.

Marginal Utility

The change in satisfaction or utility derived by consuming an additional unit of a good or service.

Indifference Curves

Indifference curves are graphical representations used in microeconomics to show combinations of two goods among which a consumer is indifferent, reflecting their preferences and consumption choices.

Related Questions