Which of the Following Is NOT One of the Major

question 26

Multiple Choice

Which of the following is NOT one of the major components of an attitude?

• A) beliefs that one holds about the object of an attitude
• B) emotional feelings stimulated by an object or thought
• C) genetic tendencies toward specific biases
• D) predispositions to act in certain ways

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Definitions:

Profit-Maximizing

A strategy firms adopt aiming to produce the quantity of goods or services that leads to the highest possible profit.

Average Variable Cost

The variable cost per unit of output, calculated by dividing total variable costs by the quantity of output produced.

Output

The total amount of goods or services produced by a company, industry, or economy within a particular period.

Economic Profit

The difference between total revenue and total economic costs (including both explicit and implicit costs), reflecting the true economic performance of a company.