MATCHING KEY TERMS AND DEFINITIONS

question 10

Multiple Choice

MATCHING KEY TERMS AND DEFINITIONS
-Ranking employees' performance from highest to lowest.

• A)Absolute standards
• B)Relative standards
• C)Individual ranking
• D)360-degree appraisals
• E)Peer evaluation
• F)Performance measurement
• G)Halo error
• H)Graphic rating scale
• I)Leniency error
• J)Documentation
• K)Paired comparison
• L)Similarity error
• M)Attribution theory
• N)Management by objectives (MBO)
• O)Forced-choice appraisal

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Definitions:

Unit Price

The cost assigned to a single unit of a product or service, facilitating price comparisons among similar products based on per unit costs.

Marginal Utility

The additional satisfaction or utility a consumer gains from consuming one more unit of a good or service.

Hypothetical Consumer

A theoretical representation of an average consumer used in economic models to predict buying behavior and market dynamics.

Consumer Income

The total earnings of an individual or household from all sources, influencing their purchasing decisions.