The _____ Occurs When a Manager Uses Only the Lower

question 72

Multiple Choice

The _____ occurs when a manager uses only the lower part of the scale to rate employees.

• A) strictness error
• B) primacy effect
• C) leniency error
• D) recency effect

Identify and explain the importance of corporate cultures and how they are influenced by shared beliefs or principles.

Analyze ethical dilemmas and describe the factors that contribute to the complexity of ethical decision-making.

Understand the impact of ethical decision-making approaches on societal well-being.

Differentiate between social and traditional entrepreneurship and provide examples of companies that exemplify social entrepreneurship.

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its net identifiable assets, representing the value of the brand, customer base, and other non-tangible assets.

Equipment Account

An account used in bookkeeping to track the purchase and depreciation of equipment over time.

Unamortized Patent

The portion of a patent's cost that has not yet been expensed through amortization, representing an intangible asset on the balance sheet.

Adjustment Necessary

Refers to the modifications required to correct or update financial records or statements to ensure accuracy and compliance with accounting principles.