The ________ Problem Occurs When Supervisors Tend to Rate All

question 78

Multiple Choice

The ________ problem occurs when supervisors tend to rate all their subordinates consistently low.

• A) central tendency
• B) leniency
• C) strictness
• D) unclear standards
• E) halo effect

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Definitions:

Purely Competitive Firm

A business that operates in a market with many buyers and sellers, where each has a negligible impact on price and product homogeneity prevails.

Unimpeded Entry

A situation in a market where there are no obstacles preventing new competitors from entering and competing.

MR = MC Rule

A principle in economics stating that profit maximization occurs when marginal revenue equals marginal cost.

Short Run

A period in economics where at least one input is fixed and cannot be changed.