The Recency Effect Is a Potential Rater Bias That Occurs

question 52

Multiple Choice

The recency effect is a potential rater bias that occurs when:

• A) the rater has done too many employee evaluations recently
• B) the employee has just recently started the job and is therefore given an improper evaluation
• C) the rater has just recently started the job and cannot fairly evaluate the employee
• D) the rater allows recent employee actions to unduly sway their performance evaluation
• E) performance standards have just recently been developed

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Definitions:

Differentiated Product

A product that is distinct in some way from others in the same category, allowing the seller to compete on factors other than price.

Monopolistic Competition

A market structure characterized by many firms selling products that are similar but not identical, allowing for competition based on quality, price, and marketing.

Industry

A group of companies or organizations that produce similar goods or services.

Purely Competitive

A purely competitive market is one with many sellers and buyers where no single entity has significant control over prices and where products are largely undifferentiated, leading to market equilibrium determined by supply and demand.