Why Is It Important for a Manager to Appraise a Subordinate's

question 65

Essay

Why is it important for a manager to appraise a subordinate's performance? How can a manager handle a subordinate who is defensive when told that his or her performance is poor?

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Definitions:

Price Elastic

Refers to the responsiveness of the quantity supplied or demanded of a good or service to a change in its price, often interchangeable with Price Elasticity of Demand or Supply depending on context.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price level in a given market at a specific time period.

Perfectly Inelastic

A situation where the quantity demanded or supplied does not change in response to a change in price.

Demand Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good consumers are willing and able to purchase at various prices.