To Increase the Accuracy of Performance Appraisals, It Is Recommended

question 56

Multiple Choice

To increase the accuracy of performance appraisals, it is recommended that managers

• A) maintain at least a two-week delay between performance and evaluations.
• B) use a single rater rather than multiple raters so as to avoid discrepancies.
• C) educate evaluators about the biases of social perception.
• D) train evaluators to focus their ratings on the middle of rating scales.

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Definitions:

Stockholders' Equity

The residual interest in the assets of a corporation after deducting its liabilities, often referred to as shareholders' equity or owners' equity.

Gross Profit

A company's revenue minus the cost of goods sold, which measures how much a company earns after deducting the costs associated with producing its products or services.

FIFO

"First In, First Out," an inventory valuation method where the first items placed in inventory are the first sold.

Gross Profit

The difference between sales revenue and the cost of goods sold, representing the basic profit from buying and selling goods or services.