The __________ Effect Occurs When One Positive Factor Influences Assessments

question 96

Multiple Choice

The __________ effect occurs when one positive factor influences assessments of other areas of behavior or performance,resulting in an inappropriately high overall performance rating.

• A) contrast
• B) recency
• C) halo
• D) horns

Differentiate between net income and cash flow from operating activities.

Calculate net cash flow from operating activities.

Explain the accounting communication process and the roles of its participants.

Compute beginning retained earnings balance.

---

Definitions:

Unemployment Rates

The percentage of the labor force that is jobless and actively seeking employment, serving as a key indicator of economic health.

Prime Working Age

Individuals who are in the age group considered to be in their most productive years, typically between 25 and 54 years old.

Labor-Force Participation Rates

The percentage of the adult population that is either employed or actively seeking employment.

Unemployment Rate

The level of unemployment within the labor force among those who are vigorously searching for jobs.