Using a Behaviorally Anchored Rating Scale (BARS)is a Way to Quantify

question 26

Multiple Choice

Using a behaviorally anchored rating scale (BARS) is a way to quantify qualitative performance measures.A major disadvantage to using a BARS is:

• A)that it is not a replicable process
• B)that salespeople will not sit through a meeting long enough to discuss BARS extensively
• C)that it is a violation of codes of ethics to give numerical values to qualities that cannot be quantified
• D)that it can undervalue important aspects and overvalue less important aspects of performance
• E)that most employees are not familiar with it

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Definitions:

Federal Reserve

The central banking system of the United States, responsible for implementing monetary policy, supervising banks, and ensuring financial stability.

Money Supply

The sum of all money present in an economy at a given moment, which encompasses cash, coins, and the amounts in checking and savings accounts.

Currency

A system of money in general use in a particular country or in the international market for trade and finance.

Reserve Requirement

The minimum amount of reserves a bank must hold against deposits, as mandated by central banking authorities to ensure banking system stability.