Question
 A tendency for managers to evaluate most of their
employees as "average", is called? ÂSolution
Central tendency bias refers to a tendency for managers to evaluate most of their employees as "average" when they apply a rating scale. So, for example, given a scale that runs with points on it that run from one (poor) to seven (excellent), with four being the average, many managers will refuse to use the points at either of the ends. It is also referred to as the Veblen effect. Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â Â
X and Y enter into a partnership with capital in the ratio 3: 5. After 5 months X adds 50% of his capital, while Y withdraws 60% of his capital. What is...
P started a business with an investment of Rs.15000, after 6 months Q joined him with Rs.18000 and after another 6 months R joined them with Rs.20000. I...
Ashish and Sushil together start a business with investment of Rs. 1700 and Rs. ‘x + 1100’, respectively. If the profit earned after 5 years...
A and B started a retail store with initial investments in the ratio 6:7 and their annual profits were in the ratio 3:4. If A invested the money for 7 m...
Karim invested Rs. 20,000 in a business whereas Neel invested 50% more than the amount invested by Karim. If the ratio of time period of investments of ...
‘A’ started a business by investing Rs. 1,200. Eight months later, ‘B’ joined him by making an investment which is equal to 60% of the investmen...
A and B entered into a business investing their capital in the ratio of 18:21, respectively and the respective ratio of time for which they made their i...
Arun and Baldev have monthly savings in the ratio of 8:5, respectively. Baldev's monthly expenditure exceeds Arun's monthly savings by ₹20,200. Additi...
N initiates a business, and after 3 months, D also becomes a part of the business. The initial investment of N and D is in the ratio of 3:2, respectivel...
'A', 'B', and 'C' invested amounts of Rs. 10,000, Rs. 12,000, and Rs. 16,000, respectively, in a business for 10 months, 8 months, and 12 months, respec...