When Supervisors Who Are Engaged in a Performance Rating Tend

question 3

Multiple Choice

When supervisors who are engaged in a performance rating tend to rate all employees either high or low, this problem is referred to which of the following?

• A) Halo effect
• B) Bias
• C) Appraisal bias
• D) Central tendency
• E) Strictness/leniency

Understand the conditions and effects of price discrimination.

Identify scenarios leading to the entry or exit of firms in monopolistic competition.

Describe how monopolistic competition leads to excess capacity and over-differentiation.

Contrast monopolistic competition with perfect competition and monopoly.

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Definitions:

Fiduciary Duty

An obligation to act in the best interest of another party, such as the duty a trustee has to beneficiaries.

Confidential Information

Refers to data that is protected from unauthorized access or disclosure, often due to its sensitive, proprietary, or personal nature.

Habitual Negligence

Consistently failing to exercise a reasonable standard of care, resulting in repeat harm or damage.

Serious Absenteeism

refers to a consistent pattern of being absent from work or obligations without valid reason, often signaling deeper issues like employee dissatisfaction or personal problems.