Paired Comparison Is a Rating Approach That Involves Keeping a Record

question 19

True/False

Paired comparison is a rating approach that involves keeping a record of uncommonly good or undesirable examples of an employee's work-related behavior and reviewing it with the employee at predetermined times.

---

Definitions:

Techniques of Production

The methods and processes used by firms to produce goods and services efficiently.

Price of Output

The amount of money that a firm receives from the sale of goods and services it produces.

Price of Inputs

The cost associated with the resources used in the production of goods and services.

Marginal Cost

The cost added by producing one extra item of a product.