Last Year Your Performance Was Not Very Good and Your

question 8

Multiple Choice

Last year your performance was not very good and your performance rating was below average, but this year you have done very well by exceeding your performance goals.To your surprise, your boss gives you just an average performance rating.What error has your boss most likely committed?

• A)Horn error
• B)Halo error
• C)Severity error
• D)Spillover error

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Definitions:

Low-Wage Nations

Countries where the general level of wages is significantly lower than in developed nations.

Productive

The ability to generate a significant amount of output (goods or services) per unit of input (labor, capital, etc.).

Merchandise Balance of Trade

The difference in value between a country's merchandise exports and merchandise imports over a certain period.

Negative

In an economic context, this term often implies a deficit or a diminishing amount in financial accounts or outcomes.