The Reliability of an Effective Performance Appraisal System Comes from Ensuring

question 71

Multiple Choice

The reliability of an effective performance appraisal system comes from ensuring:

• A) the appropriate dimensions of performance are appraised.
• B) that the dimensions of performance that are measured are constructed in a valid way.
• C) that evaluations from multiple sources and at different times are captured over the course of the evaluation period.
• D) that when evaluations are conducted employees clearly understand what dimensions are being evaluated.

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Definitions:

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on factors like demand, income level, or purchase volume.

Marginal Revenue

The additional income generated from the sale of one more unit of a product or service.

Marginal Cost

A rephrased definition: The expense incurred in the manufacture or production of an additional quantity of a product or service.

Price Discrimination

A pricing strategy where a company charges different prices to different groups of customers for the same product or service, based on factors other than production costs.