Recency Effects Occur Because

question 10

Multiple Choice

Recency effects occur because

• A) workers are more motivated to perform right before performance appraisals.
• B) performance assessments usually rely on the rater's memory of a worker's performance.
• C) raters focus too much on past performance and do not consider present performance.
• D) most workers are evaluated immediately after being hired.

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Definitions:

Unsecured Creditors

Creditors who have loaned money without any specific collateral, meaning they have a lower priority in case of the debtor's bankruptcy.

Liabilities With Priority

Debts or obligations of a company that are given precedence over others for repayment, often in situations like bankruptcy.

Net Realizable Value

The estimated selling price of goods, minus the costs of completion and costs necessary to make the sale.

Total Unsecured Liabilities

Liabilities that are not protected by collateral or a guarantee, meaning that the lender does not have rights to specific assets if the borrower defaults.