The Recency Effect Is NOT a Performance Evaluation Bias That

question 24

True/False

The recency effect is NOT a performance evaluation bias that occurs in employee performance appraisals.

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Definitions:

Demand

The desire accompanied by the ability to pay for goods or services, determining the quantity that will be bought at a given price level.

Marginal Revenue Product

The additional revenue generated from the sale of one more unit of a good or service produced as the result of one more unit of an input.

Wage Rate

The fixed amount of compensation or payment received by an employee from an employer in exchange for work or services performed.

Labor

Refers to human effort, whether physical or mental, used in the production of goods and services.