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andreyandreev [35.5K]
4 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]4 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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Answer along with its Explanation:

The profit for the year is calculated as under:

Profit for the year = Revenue - Salaries and Wages - Maintenance and Repairs Expense - Income Tax Expense

Profit for the year = $17,470 - $8,870 - $3,370 -  $1,470 = $3,760

Now the entry would be to close the expense and income accounts for the year and carry forward the difference (Profit for the year) to retained earnings.

The entry would be as under:

Dr Service Revenue                       $17,470

Cr Salaries and Wages Expense                $8,870

Cr Maintenance and Repairs Expense      $3,370

Cr Income Tax Expense                               $1,470

Cr Retained Earnings (Balancing figure)   $3,760

The recording of the dividends (A decrease in Capital) would be decrease in the retained earnings which is given as under:

Dr Dividends $1,760

Cr Cash Balance   $1,760

The waiving off this amount will be by debiting the retained earnings and crediting dividends paid.

Dr Retained Earnings $1,760

Cr Dividends                       $1,760

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4 years ago
A large research hospital is considering a new computer-based training course for lab safety. The total cost of the hospital's c
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3 years ago
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