Which of the Following Is NOT an Advantage of the Trait

question 160

Multiple Choice

Which of the following is NOT an advantage of the trait method of appraisals?

• A) Are inexpensive to develop
• B) Use meaningful dimensions
• C) High potential for rating errors
• D) Are easy to use

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Definitions:

Banking System

The network of financial institutions that provide banking services, such as accepting deposits and lending money.

Drawer

In financial transactions, the drawer is the person who writes or issues a cheque or draft, instructing their bank to pay a specified sum of money to the payee or bearer.

Payee

The individual or entity to whom a check, draft, or note is made payable.

Certified Check

is a check for which the issuing bank guarantees availability of funds by verifying the account's balance and then setting aside the check amount.