Which of the Following Is Representative of Average Rating Error

question 11

Multiple Choice

Which of the following is representative of average rating error?

• A)a rater is unwilling to assign very high or very low ratings
• B)errors based on the different standards used by raters
• C)a rater evaluates a workers most recent performance
• D)subordinates are rated even though the supervisor does not know them well

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Definitions:

Economic Profit

The difference between revenue received from the sale of an output and the opportunity cost of the inputs used.

Nash Equilibrium

A concept in game theory where no player can benefit by changing their strategy while the other players keep theirs unchanged, representing a state of strategic balance.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs.

Dominant Strategy

In game theory, a strategy that is best for a player regardless of the strategies chosen by other players.