Every Year Managers Are Given Targets for Categorizing Their Employees

question 15

Multiple Choice

Every year managers are given targets for categorizing their employees' performance at the end of the year.The managers are allowed 5 percent at the top,80 percent in the middle and then 15 percent at the bottom.This company is using

• A)forced distribution.
• B)the high/low ranking system.
• C)paired comparison.
• D)alternation ranking.
• E)simple ranking.

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Definitions:

Price Ceiling

A government-imposed limit on how high the price of a product can be charged in the market to protect consumers from high prices.

Consumer Surplus

The gap between the amount consumers are prepared to spend on a product or service and the amount they end up paying.

Excess Demand

A situation in which the quantity demanded of a good exceeds the quantity supplied at the existing price, often leading to a rise in price.

Supply Functions

Mathematical expressions that relate the quantity of a good that producers are willing to sell to the price of the good and other factors.