Which of the following is a perceptual bias that may affect the performance rating process?
A. halo effect
B. romance of leadership effect
C. hindsight effect
D. overconfidence effect
A. halo effect
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An important purpose of closing entries is to
a. help in preparing financial statements. b. set real account balances to zero to begin the next period. c. set nominal account balances to zero to begin the next period. d. adjust the accounts in the ledger.
Data that can be presented in a pie chart may also be presented in a bar chart, but the reverse is not always true
Indicate whether the statement is true or false
Barclay Bikes manufactures and sells three distinct styles of bicycles: the Youth model sells for $300 and has a unit contribution margin of $105; the Adult model sells for $850 and has a unit contribution margin of $450; and the Recreational model sells for $1,000 and has a unit contribution margin of $500. The company's sales mix includes: 5 Youth models; 9 Adult models; and 6 Recreational models. If the firm's annual fixed costs total $6,500,000, calculate the firm's break-even point in composite units (rounded to the nearest whole unit).
A. 858 composite units. B. 429 composite units. C. 6,161 composite units. D. 7,575 composite units. E. 15,150 composite units.
The concept of "saving face" means
A) retaining control of a situation. B) assigning appropriate blame or fault-finding. C) preventing future problems. D) avoiding public shame or embarrassment. E) recognizing subtle signs of hostility.