Author Question: The value of what is given up in producing one product when another product is produced is called A) ... (Read 37 times)

shofmannx20 · **on:** Jun 29, 2018

The value of what is given up in producing one product when another product is produced is called
A) comparative cost
B) possibility cost
C) opportunity cost
D) sunk cost

Question 2

Which of the following statements is incorrect regarding employee performance appraisal and review?
a. Subjective criteria should be used for the appraisal and review process whenever possible.
b. It assesses the employee performance levels in relation to established standards.
c. It should be done by a minimum of two people to avoid bias from supervisor.
d. Evaluation should be an ongoing process, not just a periodic review.
e. Performance appraisal can affect morale and organizational climate.