Examlex
In relative judgments employees are compared to one another, while in absolute judgments employees are compared against performance standards.
Rational Behavior
Rational behavior refers to the decision-making process that involves choosing the most efficient means to achieve a desired result.
Economic Self-interest
The driving force behind the actions of individuals that encourages them to fulfill their needs and desires.
Crude Quantity Theory
A basic economic theory suggesting that the amount of money in supply directly affects the price level and inflation in an economy.
Sophisticated Quantity Theory
An advanced approach to Quantity Theory of Money, considering complex factors influencing money supply and demand.
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