People Are Inclined to Attend Selectively to

question 27

Multiple Choice

People are inclined to attend selectively to

• A) information that supports their original attitudes.
• B) information that refutes their original attitudes.
• C) simple arguments.
• D) complex arguments.

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Definitions:

Variable Costs

Charges that adjust in direct proportion to the manufacturing output or the quantity of sales.

Fixed Costs

These are consistent expenses incurred by a business, regardless of production levels or sales volumes, such as rent or salaries.

Profit-Volume Chart

A chart plotting only the difference between total sales and total costs for various levels of units sold.

Break-Even Point

The point at which total costs and total revenues are equal, meaning a business neither makes a profit nor suffers a loss.