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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?
Supply Curve
A graphical representation that shows the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply in the market.
Bumper Crops
Exceptionally large harvests of crops, usually resulting from favorable growing conditions.
Gross Incomes
The total income received before any deductions or taxes are subtracted.
Price Elasticity
An indicator of the degree to which the demand for a product is affected by fluctuations in its price, showing how sensitive buyers are to variations in cost.
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