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    Question

    What is meant by the 'Veblen

    effect'?
    A The practice of giving everyone low ratings Correct Answer Incorrect Answer
    B The practice of giving everyone random ratings Correct Answer Incorrect Answer
    C The practice of giving everyone high ratings Correct Answer Incorrect Answer
    D The practice of giving everyone average ratings Correct Answer Incorrect Answer

    Solution

    Veblen effect is one of the biases that an appraiser may have while appraising the employee. This means that the manager gives average rating to all employees irrespective of their performance. It is similar to the central tendency effect. Various other biases in performance appraisal are:

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