Leniency,a Common Error in Performance Appraisals,occurs When Performance Appraisal Statistics

question 53

True/False

Leniency,a common error in performance appraisals,occurs when performance appraisal statistics indicate that most employees are evaluated similarly as doing average work.

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Definitions:

Unearned Fees

Income received by an entity for services yet to be provided and is recorded as a liability until the service is rendered.

Net Income

The net income a company earns following the subtraction of all taxes and expenses from its revenues.

Revenues

The entire sum of earnings resulting from the sales of products or services central to a business's primary functions.

Office Supplies

Tangible items used in an office environment for daily operations, such as pens, paper, and staplers.