Corey, a Supervisor, Needs to Rate the Performance of 20

question 85

Multiple Choice

Corey, a supervisor, needs to rate the performance of 20 subordinates. He uses a rating scale to rate them on a scale of 1 to 10. He rates 18 employees at 5, which leads to central tendency. In the context of types of rating errors, Corey commits a ________ error.

• A) distributional
• B) contrast
• C) horns
• D) statistical
• E) halo

Solve problems related to the appreciation and depreciation of currencies.

Evaluate the cost-effectiveness of purchasing international goods and services.

Understand the impact of service charges on currency exchanges.

Apply mathematical ratios and proportions in financial contexts.

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Definitions:

Long-term Fixed Pricing

A pricing strategy where the seller sets a specific price for a product or service that does not change over a long period, offering stability to both the seller and the buyer.

McClelland's Three Needs

A theory of motivation that highlights three primary needs influencing human behavior: the need for achievement, the need for affiliation, and the need for power.

Maslow's Hierarchy

a psychological theory proposed by Abraham Maslow that categorizes human needs into five levels, from basic physiological needs to self-actualization.

Erikson's Life Stages

A psychological theory proposed by Erik Erikson that describes eight stages of human development, each characterized by a specific conflict that must be resolved for healthy psychological development.