Angor, a Manager at Primely Co

question 63

Multiple Choice

Angor, a manager at Primely Co., is asked by his manager to rate his subordinates' performances. He needs to rate 30 employees on a scale that ranges from 1 to 10. He rates 25 employees with a score of 8. In doing so, Angor commits a rating error. In the context of types of rating errors, Angor's mistake is called

• A) central tendency.
• B) halo error.
• C) horns error.
• D) leniency.
• E) statistical error.

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Definitions:

Sales On Account

represent transactions where goods or services are sold with the agreement that payment will be made at a later date.

Cost Of Goods Sold

The total cost of manufacturing or acquiring the products sold by a company during a specific period, excluding indirect costs.

Acid-Test Ratio

A liquidity metric that measures a company's ability to pay off its current liabilities without relying on the sale of inventory.

Balance Sheet

A statement detailing an organization's assets, liabilities, and owners' equity on a certain date.