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

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Definitions:

RRSP

A Registered Retirement Savings Plan, a tax-deferred savings account for Canadians to invest money for their retirement.

Six-month Contributions

Regular payments or deposits made over a six-month period, often related to investments or savings plans.

Ordinary Annuity

Uniform financial contributions dispensed at the end of sequential stages for a prescribed period.

Compounded Annually

Refers to the process of applying interest to both the initial principal and the accumulated interest over the past year.