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Central tendency is a problem that occurs when a supervisor's rating of a subordinate on one trait biases the rating of that person on other traits.
Capital Account
An account on the balance sheet representing the original investment by the owners plus any retained earnings.
Owner Invests
The action taken by an owner to contribute resources, such as cash or other assets, into the business for its use.
Revenue
The aggregate revenue derived from selling goods or services that are fundamental to an organization's main activities.
Account Payable
Money owed by a business to its suppliers or creditors for goods and services purchased on credit, considered a current liability.
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