Daniel Knew His Performance Appraisal Was Coming Up in One

question 54

Multiple Choice

Daniel knew his performance appraisal was coming up in one month.He spent that month coming to work early and staying late.As a result, he got an excellent rating on his performance appraisal when his performance for the entire year had only been average.It is likely his manager made an error due to _______.

• A)bias
• B)contrast
• C)proximity
• D)recency
• E)ranking

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Definitions:

Monetary Policy

Actions of a central bank, currency board, or other regulatory committees that determine the size and rate of growth of the money supply, which in turn affects interest rates.

Fiscal Policy

Refers to government actions regarding taxation and spending aimed at influencing a country's economy.

Monetary Growth Rate

The rate at which the amount of money in circulation increases over a specific period.

Money Supply

The lump sum of monetary assets available in an economy at a particular point.