When an Interviewer Examines an Outstanding Applicant and Then Rates

question 22

Multiple Choice

When an interviewer examines an outstanding applicant and then rates the following average applicants too low,which error has occurred?

• A) similarity error
• B) first-impression error
• C) contrast error
• D) overweighing of negative information

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Definitions:

Accounts Receivable Period

The accounts receivable period measures the average number of days it takes for a company to collect payments after a sale has been made, indicating the efficiency of its credit and collection policies.

Receivables Period

The mean duration required for a company to collect payments from its customers for products or services supplied on credit.

Credit Policy Decisions

Strategic determinations made by a business regarding who qualifies for credit, the terms of credit, credit limits, and how to collect on overdue accounts.

Controller

A senior financial officer responsible for managing the accounting operations of a company.