What are the advantages and disadvantages of using peers as raters?
What will be an ideal response?
The advantages and disadvantages of using peers as raters include:
Advantages: Peers are in an excellent position to assess the employee's contribution toward the team (teamwork).
Disadvantages: Peers may be influenced by context effects, possible friendship bias, and they may be less discriminating.
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An unrealized holding gain on a company's available-for-sale debt securities should be reflected in the current financial statements as
(a) an item shown as a direct increase to retained earnings (b) a current gain in the income statement resulting from holding securities (c) a note or parenthetical disclosure only (d) other comprehensive income and included in the equity section of the balance sheet
________ is a rule which provides that an action for breach of any written or oral sales or lease contract must commence within four years after the cause of action accrues
A) Perfect tender rule B) Specific performance decree C) Replevin D) Statute of limitations