Hiram Bluster Has Been the Human Resources Manager at His

question 18

Multiple Choice

Hiram Bluster has been the Human Resources manager at his company for a long time now. 'It is easy to sum up applicants in the first interview' he says. 'I just look 'em in the eye. If they look back at me they're trustworthy. If they look away they're not!' Hiram's views of people are an example of:

• A) an implicit personality theory.
• B) weighted averaging.
• C) negativity bias.
• D) the primacy effect.

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Definitions:

Contribution Format

A format for income statements that distinguishes between fixed and variable expenses, emphasizing the contribution margin.

Break-even Point

The sales level at which a business generates neither profit nor loss, covering all fixed and variable costs.

Unit Sales

The quantity of products sold, not considering the price at which they were sold.

Contribution Margin

Contribution Margin is the amount of revenue remaining after deducting variable costs, which can then be used to cover fixed costs or generate profit.