Brenda Dislikes Having to Fill Out Performance Appraisals on Her

question 60

Multiple Choice

Brenda dislikes having to fill out performance appraisals on her employees.She vows to sit down and finish them all in one afternoon.She decides to start with her lowest performing employee to get the worst out of the way.Next,she appraises an average performer,but gives excellent ratings.After appraising that first employee,the average performer looks excellent to her.It is likely Brenda made a(n) ______ error.

• A) contrast
• B) attribution
• C) recency
• D) proximity

Understand the impact of sales predictions and collection patterns on cash flow and budgeting.

Grasp the concept and importance of zero-based budgeting in financial planning.

Learn the implications of production and labor budgeting on overall financial planning and operational efficiency.

Understand the process of budget preparation for for-profit organizations, including forecasting of cash receipts and disbursements.

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Definitions:

Gross Profit

The financial metric representing the difference between a company's net sales and the cost of goods sold, indicating the basic profitability of products.

Net Income

A company's financial gain after removing expenses and tax liabilities from its total revenue.

Gross Profit Rate

Gross profit expressed as a percentage, by dividing the amount of gross profit by net sales.

Common Stockholders' Equity

Common Stockholders' Equity represents the interest of common shareholders in a company, calculated as the difference between total assets and total liabilities, including preferred equity.