All of the Following Practices Will Help Minimize the Effects

question 42

Multiple Choice

All of the following practices will help minimize the effects of evaluation bias EXCEPT:

• A)rating each factor separately,without letting one factor influence others
• B)base ratings on actual performance,not potential
• C)come in to the evaluation blind,without having seen the ratings form before
• D)evaluate salespeople on an objective,unbiased standard
• E)rate the salesperson on behavior through the evaluation period,not a specific incident

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that is used globally to prepare public company financial statements.

GAAP

Generally Accepted Accounting Principles; a framework of accounting standards, principles, and procedures.

Lease Capitalization

The process of recording a lease as an asset and a corresponding liability on the balance sheet, reflecting the assets' use and obligation to make lease payments.

Bargain Purchase Option

An option in a lease agreement that allows the lessee to purchase the leased asset at a price significantly below its fair market value.