In a 360-Degree Rating System, When Participants Believe the Information

question 36

True/False

In a 360-degree rating system, when participants believe the information will be used for compensation, rather than for skill development, there is a very low level of bias.

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Definitions:

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.

Expense

is an outflow of cash or other valuable assets from a person or company to another entity, representing the cost of operations or services rendered.

Debit Columns

Sections in financial statements where increases in assets or expenses or decreases in liabilities, equity, or income are recorded.

Credit Columns

Sections in accounting ledgers or financial statements that record amounts which reduce the balance of an account.