​If One Rates an Average Employee's Performance High Because They

question 80

Multiple Choice

​If one rates an average employee's performance high because they compared the employee to poor performers,one commits a:

• A)leniency error.
• B)contrast error.
• C)recency error.
• D)central tendency error.

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Definitions:

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded, typically downward sloping.

Supply Curve

A graph showing the relationship between the price of a good and the quantity of that good that suppliers are willing to sell at each price level.

Elastic

Describes a situation in which the quantity demanded or supplied of a good or service changes significantly in response to a change in price.

Total Revenues

The total amount of income generated by the sale of goods or services related to a company's primary operations.