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A Person's Annual Performance Evaluation Is Heavily Influenced by Performance

question 29

True/False

A person's annual performance evaluation is heavily influenced by performance results of the last month.This is an example of recency effect.


Definitions:

Sensitivity Analysis

A method employed to understand the effect of varying independent variable values on a specific dependent variable, considering certain assumptions.

Net Present Value (NPV)

The discrepancy between cash inflows' present value and cash outflows' present value during a defined timeframe.

Scenario Approach

A strategic planning method that explores future possibilities by simulating different plausible future outcomes.

Simulation Analysis

A method of assessing the impact of different variables on a project or investment by running multiple scenarios.

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