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A supervisor receives regular information about a sales employee's performance (e.g.sales volume, incomplete paperwork, etc.) and must complete a performance appraisal of the person's work.The supervisor has a complete description of the employee's job but has never worked in the field as a sales representative.Moreover, the supervisor is relatively new to this job and therefore has little experience observing or appraising the performance of salespeople.What attribution error is likely to occur under these conditions and what effect would it have on the performance appraisal results?
Potential Output
Represents the highest level of real Gross Domestic Product (GDP) that can be sustained over the long term without increasing the rate of inflation.
Sustainable Output
The level of production that can be maintained over the long term without depleting natural resources or harming the environment.
Unemployment Rate
The fraction of the employment sector that is not employed and is earnestly looking for work.
Nominal Wage
The wage paid to employees in current currency terms, without adjustment for inflation, representing the face value of earnings.
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