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makvit [3.9K]
2 years ago
14

11. John rates Peter an average worker, “excellent” on all his performance evaluations. The rest of staff suspects that Peter ge

ts high ratings because he graduated from the same prestigious university and was a member of the same fraternity as John. If this were accurate, what rating error has the staff identified? Explain your answer
Business
1 answer:
Blizzard [7]2 years ago
6 0

Considering the situation described in the question, if the allegations were accurate, the rating error the staff identified is known as the "Similarity Bias" error.

  • This is because the Similarity Bias is a type of rating error where the rater rates a person or candidate higher than he deserves because they shared or have some similarities like having played for the same football team or attended the same school.

  • There are other types of rating bias that do not apply to this situation.

  • These include Halo bias and Leniency bias.

Hence in this case the correct answer is "Similarity Bias"

Learn more here: brainly.com/question/14467377

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​Let's assume that a carpenter borrowed ​$2 comma 000 to be paid off in a year to finance a machine that would make him work fas
Hoochie [10]

Answer:

The carpenter earned an extra $100.

Explanation:

Since this problem deals with a one-year loan with an yearly interest rate, it can be treated as a simple interest problem. For simple interests, the final value (Vf) can be found by multiplying the initial value (Vi) by one plus the interest rate (i) as shown below:

V_{f}= V_{i}*(1+i)\\V_{f}=2,000*(1+0,15)\\V_{f}=2,300

To find how much extra money the carpenter made in the first year, one should subtract the final value of loan from the $2,000 dollars down payment plus the extra $400 he collected for the year

Earnings = 2,000+400-2,300 = 100.

Therefore, the carpenter earned an extra $100.

6 0
4 years ago
A layer of security that credit card companies are starting to do?
Sindrei [870]

Answer:

2fa (2 factor authorization)

8 0
4 years ago
Barbara buys the same market basket each week and spends $60 on it. This week Barbara brought $60 to the store but could not buy
Arisa [49]

Answer:

there was inflation

Explanation:

Inflation may be defined as the rise in the price or the increase in the cost of a product or commodities in the market. It is when you pay more price for the same commodity that you have bought it in a less price earlier.

When there is inflation, the price of goods in the market increases.

In the context, Barbara usually buys the same market basket every week at a price of $ 60. But this week she could not buy the market basket even though she had $ 60 with her. This is because the price of the market basket increased this week due to inflation and now cost more than $60. So Barbara could not buy the market basket.

4 0
3 years ago
An indium-gallium-arsenide-nitrogen alloy developed at Sandia National Laboratory is said to have potential uses in electricity-
IceJOKER [234]

Answer:

Rate of return 9.1864%

Explanation:

Scenario description:

using the new alloy, will extend the life of a telecommunication satellite thus, more years for the porject life.

We need to calcualte the rate at which the extra revenues in years 11  through 15 equalize the extra cost of 870,000 at F0

each extra revenue will be considered a lump sum, we will add them and check the present value.

\frac{Maturity}{(1 + rate)^{time} } = PV

Maturity   450,000 500,000 550,000 600,000 650,000

time              11.00   12.00   13.00   14.00   15.00

rate :  ??

As this is a complex equation the human way to solve this is with trial an error.

Also, we could solve this with a financial calcualtor or excel.

We are going to use the latter.

you will do as follow:

from A1 to A5 write the maturity values

from B1 to B5 write the time

on c1 write 0.1 this will be the first rate we will build the formulas and then, excel will solve for the answer:

on D1 you will write:

=A1/power(1+$C$1,B1)

Thisformula calculates the presnet value of the additional revenues

then drag this up to D5

on D6 =sum(D1:D5) this add them

Then select d6 goo to goal seek and define it as 870,000 changing the cell C1

This will give you: 0.091863796 = 9.1864% this is the rate ofr eturn for impelenting the alloy

8 0
3 years ago
Chrissie's Cooking Supply Company has 5,000 skillets in their warehouse at the end of July. One quarter of these skillets were h
Morgarella [4.7K]

Answer:

The remaining balance is

Units Unit Cost Total

1.250 $12                 $15.000

3.552 $15                 $53.280

Total=$68.280

Explanation:

LIFO Perpetual chart is attached.

It shows purchases, sales and balance of each period. To get the ending inventory cost  we have to add the cost of all units in the last balance of the month.  

That will be,  

Units Unit Cost Total

1.250 $12                 $15.000

3.552 $15                 $53.280

Download xlsx
6 0
4 years ago
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