When News Reports State That Inflation Has Increased, They Could

question 139

True/False

When news reports state that inflation has increased, they could be referring to a change in the GDP deflator.

Distinguish between the advantages and disadvantages of various appraisal methods.

Grasp the concepts of appraisal biases and how they impact performance ratings.

Recognize the importance of multiple source feedback in appraisals, especially the 360-degree feedback method.

Understand the purpose of management by objectives in performance appraisals.

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Definitions:

Objective Performance

A method of assessment based on measurable, observable facts and outcomes, thereby reducing personal biases in evaluation.

Personal Prejudice

Biases or preconceived opinions individuals hold that can affect their judgment or interactions with others.

Halo Effect

A psychological phenomenon where an individual's overall impression of a person, brand, or product positively influences their feelings and thoughts about that entity's specific traits.

Strictness

The quality of exacting standards or stringent enforcement of rules, often applied in disciplinary contexts.