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In the Space Below, State Whether Each Situation Is a Deferral

question 153

Essay

In the space below, state whether each situation is a deferral or an accrual.
______a. Unrecorded interest on savings bonds is $765.
______b. Property taxes that have been incurred but that have not yet been paid or recorded amount to $1,034.
______c. Legal fees of $2,890 were collected in advance. By year end, 70 percent were still unearned.
______d. Prepaid Insurance had a $900 balance prior to adjustment. By year end, 25 percent was still unexpired.
______e. Salaries earned by employees by year end but not yet paid or recorded amounted to $1,655.
______f. Services totaling $690 have been performed but not yet recorded or billed.

Identify the major theorists and their contributions to developmental psychology.
Understand the characteristics and purposes of projective and objective personality tests.
Identify the psychometric properties (validity and reliability) of various personality assessment instruments.
Recognize different personality assessment instruments and their theoretical foundations.

Definitions:

Contrast Error

The distortion in performance appraisal arising when an employee's evaluation is influenced by comparison with a previously evaluated employee rather than objective standards.

Interviewer

The interviewer is a person who asks questions in a structured or unstructured format to gather information, opinions, or data from interviewees.

Applicant

An individual who applies for a job, program, or opportunity.

Halo Effect

A cognitive bias where an individual's overall impression of a person influences how they feel and think about that person's character or properties.

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