Perceptual Biases May Be Avoided in the Performance Review Process

question 10

Multiple Choice

Perceptual biases may be avoided in the performance review process by:

• A) Rewarding behaviors
• B) Providing training to performance raters
• C) Going with their gut instinct
• D) Ignoring potential perceptual errors

---

Definitions:

Net Float

The difference between check amounts written and deposited in the clearing process, affecting the available balance in the account.

Disbursement Float

The time lag between when a payment is made by writing a check and when the funds are actually withdrawn from the payer's account.

Collection Float

The interval between depositing a check into a bank account and the moment the deposited funds are accessible.

Outstanding Cheques

Checks that have been written and issued but not yet cashed or cleared through the banking system.