If the Rater Has Seen Only a Small Specimen of the Person's

question 42

Multiple Choice

If the rater has seen only a small specimen of the person's work, an appraisal may be subject to _____.

• A) halo effect
• B) horns effect
• C) contrast error
• D) sampling error

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Definitions:

Real Values

Economic measures that are adjusted for inflation, reflecting the actual buying power of money or assets.

Classical Dichotomy

The theoretical separation of nominal and real variables in classical economics, suggesting that changes in the money supply only affect nominal variables, not real ones.

Real Variables

Economic variables measured in terms of physical quantities or adjusted for changes in prices over time, excluding inflation or deflation effects.

Nominal Variables

Variables measured in monetary terms without adjusting for changes in price levels or inflation.