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John, the supervisor of the manufacturing department at a computer firm, is in the process of evaluating his staff's performance. He has determined that 15% of the group will be identified as high performers, 20% as above average performers, 30% as average performers, 20% as below average performers, and 15% as poor performers. Which performance appraisal tool has John chosen to use?
Past Costs
Refers to expenses that have already occurred and cannot be recovered.
Marginal Costs
The supplementary cost that comes with producing an extra unit of a good or service.
Mass Affordability
The widespread ability of the average consumer to purchase goods and services, often due to lower prices or increased income levels.
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