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Albert is the manager of a large retail store, with the authority to hire employees. The store does not have a specialized human resource executive, and Albert himself conducts selection interviews. Albert has not received any training on selection and recruitment. Albert selected an applicant only because he displayed personality traits similar to one of his best performers. Identify the bias facing Albert in this case.
Unamortized Patent
The portion of a patent's cost that has not yet been expensed through the process of amortization.
Adjustment Necessary
A correction or modification required to ensure accuracy, typically in the context of financial records or statements.
Patent Account
A patent account is an intangible asset account that records the costs associated with the acquisition and registration of patents over their useful lives.
Unamortized Patent
The portion of a patent's acquisition cost that has yet to be expensed over its useful life to reflect its consumption or expiration.
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