Reference: 03-01 A Supervisor Receives Regular Information About a Sales Employee's Performance

question 9

Essay

Reference: 03-01
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 super relatively new to this job and therefore has little experience observing or appraising the performance of salespeople.
-To what extent is halo effect a problem here?

Understand the process and application of the Wilcoxon rank sum test.

Formulate null and alternative hypotheses for comparing two population locations.

Calculate and interpret test statistics for the Wilcoxon rank sum test.

Determine and interpret critical values for statistical tests.

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Definitions:

Journal Entry

A record of financial transactions in the accounting books, indicating the accounts and amounts debited and credited.

Allowance for Doubtful Accounts

An estimation of the amount of credit sales that are expected to turn into bad debts.

Bad Debts Expense

The cost associated with accounts receivable that a company is unable to collect, considered an expense on the income statement.

Note Receivable

A financial asset representing a promise to receive a specific amount of money in the future, often with interest.