Dee's Performance Appraisal Allowed the Director to Evaluate Her Performance

question 254

Multiple Choice

Dee's performance appraisal allowed the director to evaluate her performance, but also allowed peers and subordinates to provide feedback as well. This type of appraisal is called a(n)

• A) vertical appraisal.
• B) horizontal appraisal.
• C) global review.
• D) 360-degree review.

---

Definitions:

Long-run Cost Function

The relationship between output quantity and total cost when all inputs, particularly capital, can be varied to minimize cost.

Marginal Cost Curve

A graphical representation showing how the cost of producing one more unit changes with increased production.

Lease Price

The amount of money paid for the temporary use of a good, property, or piece of equipment.

Optimal Output

The level of production that maximizes a firm's profit or minimizes its cost under given conditions.