The _____ Occurs When a Low Rating on One Characteristic

question 92

Multiple Choice

The _____ occurs when a low rating on one characteristic leads to an overall low rating.

• A) halo effect
• B) horns effect
• C) contrast error
• D) similar-to-me error

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Definitions:

Business Overview

An outline that provides a high-level summary of a company's mission, operations, market position, and financial health.

Statement of Cash Flows

A Statement of Cash Flows is a financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Profit and Loss

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period, indicating the net profit or loss.

Adjusted Trial Balance

A financial statement that displays all balances of accounts after adjusting entries have been made at the end of an accounting period, ensuring the ledger's accuracy.