When an Employee's Most Recent Performance Can Affect the Evaluation

question 88

Multiple Choice

When an employee's most recent performance can affect the evaluation of his or her overall performance, a ________ error has occurred.

• A)appraisal bias
• B)recency
• C)central tendency
• D)similar-to-me
• E)halo

Understand the criteria for classifying a lease as a capital or operating lease.

Understand the concept of opportunity cost and its significance in decision-making.

Grasp the principles of incremental cost and revenue, and their applications in managerial decisions.

Comprehend the distinction between sunk costs and relevant costs for decision-making.

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Definitions:

High Variation

Refers to a wide range of values or outcomes within a set of data, indicating significant differences or fluctuations.

Low Variation

The characteristic of data or a set of values where the differences between the values are minimal, showing consistency.

P-value

The probability that observed data could have occurred by chance under a null hypothesis. It's used in hypothesis testing to determine statistical significance.

Empirical Economics

The collection and use of data to test economic theories.