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In a Study on Real Estate Agents, It Was Found

question 73

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In a study on real estate agents, it was found that the agents allowed the asking price of a house to unduly influence their professional evaluation of the house.What is this an example of?


Definitions:

Selling Price

The amount of money charged for a product or service, which may include a markup for profit over the cost of production.

Inventory Item

An article or product that is stored and available for sale or use by a business.

Net Income

A company's remaining earnings once total revenue has been reduced by all expenses, taxes, and costs.

LIFO

An inventory valuation method that assumes the last items placed in inventory are the first sold, standing for Last-In, First-Out.

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