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andreyandreev [35.5K]
3 years ago
12

Jonathan, a supervisor, needs to assess his subordinate's performance. He uses a method that compares one employee with another.

In doing so, he rates an exceptional employee as an average performer by mistake. Jonathan's manager tells him that he can avoid this type of error if he uses an assessment method that compares an employee with an objective standard rather than another employee. In the context of types of rating errors, Jonathan commits the _____ error.
Business
1 answer:
Valentin [98]3 years ago
4 0

Answer:

In the context of types of rating errors, Jonathan commits the contrast error.

Explanation:

Contrast error is a concept which involves the rating of an employee according to any other employee. This is an error in which a person is compared with the other and not to any certain standard. In this concept, an individual sets a standard on which the others' work is evaluated. This type of error majorly occurs during interviews and while evaluating the performances for appraisals.

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The general relationship between spot and forward exchange rates is specified by a concept called interest rate parity. It speci
elena-s [515]

Answer: -2.55%

Explanation:

The formula to calculate Forward Rate is:

Forward Rate = Spot rate X \frac{1 + I_{O} }{1 + I_{D} }

where I_{O} is the Interest rate of the overseas country and

I_{D} is the Interest rate of the domestic country

$0.0052 = 0.005 X  \frac{1 + 0.0135 }{1 + I_{D} }

$0.0052 X {1 + I_{D} } =  0.005 X  1.0135

$0.0052 X {1 + I_{D} } =  0.0050675

{1 + I_{D} } =  \frac{0.0050675}{0.0052}

{1 + I_{D} } =  0.9745 - 1

{I_{D} } =  - 0.02548  

The yield on 180-day risk-free securities in the United States is -2.55%

8 0
3 years ago
To pay for your​ education, you've taken out ​$29,000 in student loans. If you make monthly payments over 10 years at 7 percent
Scrat [10]

Answer:

$169.07

Explanation:

Data provided in the question:

Loan amount = $29,000

Time  = 10 years

Interest rate = 7% compounded monthly

Therefore,

Interest rate per period, r = 7% ÷ 12 = 0.583% = 0.00583

number of periods, n = 10 × 12 = 120 months

Now,

Loan amount = Monthly payments × [ { 1 - (1 + r )⁻ⁿ } ÷ r]

on substituting the respective values, we get

$29,000 = Monthly payments × [ { 1 - (1 + 0.00583 )⁻¹²⁰ } ÷ 0.00583]

or

$29,000 = Monthly payments × 171.53

or

Monthly payments = $169.07

7 0
3 years ago
When demand for a commodity decreases and supply remains the same?
OlgaM077 [116]
The equilibrium price and quantity increases
6 0
3 years ago
Which of the following best describes a proactive stance to social responsibility?
Doss [256]

Answer:

B.  Company actively seeks opportunities to contribute to the well-being of groups and individuals in its social environment.

Explanation:

When the priority of an organization is to support the profit, people, and planet, the company is said to be a socially responsible organization. The company actively seeks opportunities for social development rather than getting profit for them. The company is contributing towards the economy, people in general, and the environment. The socially responsible company cannot try to maximize its return on investment. Therefore, option B is the correct answer.

4 0
3 years ago
In addition to an annual base salary of $1.3 million, Heather Bresch, CEO of Mylan Pharmaceuticals, also received 6.4 million US
Viefleur [7K]

Answer: C. Top level managers may pursue their own interests over that of the company.

Explanation:

The scenario given in the question explains that top level managers may pursue their own interests over that of the company.

In the case of sole proprietorship or partnership business, the revenue generated by the firm or the profit made belongs to the owners. In the case of of a Corporation, this isn't the case as the revenue should be used for Shareholders benefits. Sometimes, there may be a conflict of interest which may then bring about a situation whereby the top level managers pursue their own interests over that of the company.

Hence, the correct option is C.

6 0
2 years ago
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