An Example of an Unconscious Bias Is That Managers

question 59

Multiple Choice

An example of an unconscious bias is that managers

• A) hire people who are unlike them, since opposites attract.
• B) think they are immune to conflicts of interest.
• C) take less credit than they deserve.
• D) take blame themselves instead of blaming others.
• E) act only in an ethical manner.

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Definitions:

Weak Axiom

A principle or condition in economics that provides a minimal criterion for consumer choice consistency under certain assumptions.

Profit Maximization

A process or strategy in which a firm's primary objective is to achieve the highest possible profits by adjusting its production and pricing techniques.

Input Increases

A situation where there is an enhancement or augmentation in the resources used for production.

Marginal Product

The marginal product is the additional output resulting from a one-unit increase in the use of a variable input while holding other inputs constant.