Question
What is meant by the 'Veblen
effect'?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: 
Which of the following commission is related with the Rajiv Gandhi Killing?
Which country’s Capital topped the United Nations Environment Programme's report - Frontiers 2022: Noise, Blazes and Mismatches?
Indian Financial System Code (IFSC) is a / an
Priority Sector lending actually means lending to
What does 'VAT' stand for in the context of taxation?
Who among the following won the ‘Gulbenkian Prize for Humanity’ in 2020?
In Which Five Year Plan India Opted for Mixed Economy?
In which year was the first Census conducted?
What term describes the consumption of fixed capital in an economy?
Which one of the following pairs is correctly matched?
