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This Type of Appraisal Error Takes Place When Managers Rate

question 4

Multiple Choice

This type of appraisal error takes place when managers rate employees' performance more highly than they should compared with objective criteria.

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Definitions:

Notes Receivable

Notes receivable are written promises for payments to be received, including principal and possibly interest, recognized as assets on a company's balance sheet.

Promissory Note

A financial instrument that contains a written promise to pay a specified sum of money to another party at a determined future date or on demand.

Interest Revenue

Income earned from investments, such as savings accounts, bonds, or loans, calculated as a percentage of the principal sum.

Maturity Date

The specified date on which the principal amount of a financial instrument, such as a bond or loan, becomes due and payable.

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