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Central Tendency Is a Factor That Distorts Performance Appraisals

question 61

True/False

Central tendency is a factor that distorts performance appraisals.


Definitions:

Expected Sales

Forecasted or projected revenue figures estimated from future sales over a specific period.

Flexible Budgeting

A budgeting process that allows for adjustments to budgetary allocations based on changes in actual performance, revenue, or other factors.

Sales Budget

A financial plan that estimates the revenues expected from sales over a future period.

Production Budget

An estimate of all costs associated with manufacturing a product for a set period.

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