To Minimize Contrast Effects Bias, a Manager Should

question 69

Multiple Choice

To minimize contrast effects bias, a manager should:

• A) Record examples of positive and negative performance throughout the year
• B) Be fair and realistic in evaluations
• C) Define an accurate profile with both high and low points
• D) Evaluate employees against a predetermined standard
• E) Provide only negative feedback

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Definitions:

Supply and Demand

Fundamental economic concepts describing the relationship between the availability of products and the desires of consumers, dictating the price of goods and services.

Compound Interest

Interest calculated on the initial principal, which also includes all of the accumulated interest from previous periods on a deposit or loan.

Truth in Lending Act

A U.S. federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and costs.

Truth in Savings Act

A federal law designed to promote fairness and transparency in the savings account practices of banks and other financial institutions.