A Graphic Rating Scale Used with Unclear Standards May Appear

question 46

Multiple Choice

A graphic rating scale used with unclear standards may appear to be objective, however, it will probably result in unfair appraisals because the traits and degrees of merit are

• A)open to interpretation.
• B)tightly structured.
• C)well defined.
• D)specific in nature.
• E)too strict/lenient.

---

Definitions:

Expanded Accounting Equation

Assets = Liabilities + Capital – Withdrawals + Revenue – Expenses.

Owner's Equity

The residual interest in the assets of an entity after deducting liabilities, representing the ownership interest of the owners.

Ledger

A comprehensive collection of a company's accounts, where transactions are recorded in detail.

Account

A report or record that maintains the details of each financial transaction a company engages in.