What Is the Name of the Rating Error That Leads

question 62

Multiple Choice

What is the name of the rating error that leads employees to believe that no aspect of their performance needs improvement?

• A) contrast error
• B) halo error
• C) horn error
• D) strictness error
• E) central tendency error

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Definitions:

Maximum Price

A price ceiling set by a governing body meant to control the maximum price that can be charged for a product or service, often implemented to prevent prices from reaching levels considered too high for consumers to afford.

Equilibrium Price

The price at which the quantity of a good supplied is equal to the quantity of the good demanded.

Price Ceiling

A legal maximum price that can be charged for a good or service, intended to protect consumers.

Price Ceiling

A legally imposed maximum price on goods or services, intended to protect consumers from high costs.