Have Students Discuss the Problem of Reliability with Portfolio Assessment

question 10

Essay

Have students discuss the problem of reliability with portfolio assessment and develop strategies for improving the reliability of portfolio assessments.

Calculate shortages and surpluses in the market given government interventions such as price floors and price ceilings.

Determine the equilibrium price and quantity in a market from given demand and supply equations or schedules.

Assess the impact of changes in market conditions on equilibrium price and quantity.

Understand the role of government interventions in the market, such as taxes, price floors, and price ceilings.

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Definitions:

Halo Errors

Halo errors occur in performance appraisal when the evaluator's overall impression of an employee, either positive or negative, influences judgments about specific performance traits.

360-degree Appraisal

A comprehensive performance review process involving feedback from a wide range of sources including supervisors, peers, subordinates, and sometimes clients to provide a holistic view of an employee's performance.

Downward Feedback Method

A process of communication where supervisors or managers provide feedback to their subordinates to help them improve their performance.

Career-counseling Program

A guidance service aimed at helping individuals understand their skills, career goals, and market trends to make informed career decisions and transitions.