Application of Shortcuts Used in Judging Others

question 92

Multiple Choice

Application of Shortcuts Used in Judging Others
Frederic has 15 sales employees for whom he is responsible. In the next month, he must conduct performance evaluations for all of his employees. His employees are all so different, sometimes it seems to Frederic there is no way to give an honest appraisal of each individual. Just this morning, for example, two employees were late for the weekly sales meeting. Frederic can never remember Jake being late before, but Carol is late every week. Carol's constant tardiness for their weekly meeting is the primary characteristic that comes to mind when Frederic sits down to do her performance appraisal. Jake, on the other hand, is always on time, always has his reports in by their due date, and always meets all deadlines. Then there is George.
George is his outstanding salesperson. Each month Frederic expects more business to be written by George than the previous month, and George never lets him down. At least Frederic knows he can depend on George.
-Frederic's expectations of George are an example of which of the following?

• A)assumed similarity
• B)stereotyping
• C)halo effect
• D)self- fulfilling prophecy

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Definitions:

Work in Process Inventory

Work in Process Inventory represents the cost of incomplete goods in the manufacturing process, including labor, raw materials, and overhead costs.

Equivalent Units

A concept used in cost accounting to express the amount of work done by various units of production collectively, taking into account both complete and partially complete units.

Direct Labor

The wages and other costs for labor directly involved in the production of goods or provision of services.

Weighted Average Method

An inventory valuation method where costs of goods sold and ending inventory are determined by taking the weighted average of all units available for sale during the period.