A Performance-Rating Error in Which the Appraiser Is Reluctant to Give

question 61

Multiple Choice

A performance-rating error in which the appraiser is reluctant to give employees either unusually high or unusually low ratings is referred to as a:

• A) recency error
• B) error of central tendency
• C) leniency or strictness error
• D) halo error

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Definitions:

Edgeworth Box

A diagram used in economics to show the distribution of resources and the allocation of goods in a two-person, two-good economy.

Contract Curve

In economics, the curve that represents the set of Pareto efficient allocations in an Edgeworth Box diagram.

Utility Function

A symbolic depiction illustrating the ranking of preferences a consumer holds across various goods or outcomes.

Edgeworth Box

A diagram used in economics to show the distribution of resources and the potential gains from trade between two individuals in a pure exchange economy.