One of Your Managers Returns from a Management Seminar Eager

question 92

Multiple Choice

One of your managers returns from a management seminar eager to use a relative judgment system for performance appraisals.He asks you for your opinion about the value of such systems.It would be most accurate for you to state that relative judgment systems:

• A) require supervisors to differentiate between employees.
• B) minimize employee conflict regarding performance assessment.
• C) clarify performance differences between similarly ranked employees.
• D) force managerial judgments based exclusively on performance standards.

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Definitions:

Unrealistic Assumption

A simplified or idealized condition used in economic models or theories that may not fully represent real-world complexities.

Economic Behavior

The study of the decision-making processes and actions of individuals and institutions regarding economic variables.

Microeconomics

The study of the economic behavior in particular markets, such as that for computers or unskilled labor.

Equilibrium Economics

A state in economic models where supply equals demand, leading to stable prices and quantities.