A Type of Rating Error That Occurs When a Manager

question 80

True/False

A type of rating error that occurs when a manager gives an employee the same rating on all dimensions, even if his or her performance is good on some dimensions and poor on others, refers to the halo effect.

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Definitions:

Apple Orchard

An agricultural area dedicated to the cultivation of apple trees for the purpose of producing apples.

Long-run Equilibrium

A state in which all factors of production and costs are variable, allowing firms to make adjustments leading to the establishment of a market balance.

Perfectly Competitive Industry

An industry characterized by many buyers and sellers, where no single entity can influence the market price of the product.

Marginal Cost

The price of manufacturing an incremental unit of a product.