In the Graphic Rating Scale,the Rater

question 58

Multiple Choice

In the graphic rating scale,the rater

• A)defines performance dimensions by developing behavioral anchors associated with different levels of performance.
• B)defines the relevant performance dimensions and then develops statements representing good,average,and poor performances along each dimension.
• C)considers one employee at a time,circling the number that signifies how much of that trait the individual has.
• D)identifies and describes competencies that are common for an entire occupation,organization,or job family or for a specific job.
• E)compares every employee with every other employee in the work group,giving an employee a score of 1 every time he or she is considered the higher performer.

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Definitions:

Cost of Production

The total expense incurred in manufacturing goods or services, including raw materials, labor, and overhead costs.

Producer Surplus

The difference between the actual amount that producers receive from selling a good and the minimum amount they would accept to produce that good.

Supply Curve

A graph that shows the relationship between the price of a good and the quantity of the good that producers are willing to sell.

Total Surplus

The sum of consumer surplus and producer surplus, representing the total benefit to society from the production and consumption of goods and services.