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A manager is completing performance evaluations of his employees.Unwittingly, he allows his perceptions of their attendance to colour his ratings of many specific characteristics, including their quality and quantity of work.Thus, those with poor attendance invariably get poor ratings.What's happened?
Inventory Effect
The impact that changes in inventory levels have on a company's financial statements, including effects on working capital, cash flow, and profitability.
Inverse Relationship
A relationship between two variables where one variable increases as the other decreases, or vice versa.
Lost Sales
Potential sales opportunities that have been missed or unattained, often due to factors like stockouts or service issues.
Inventory Costs
Expenses associated with holding and managing inventory, including costs related to storage, insurance, taxes, and depreciation.
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