When Jason Was Selected as the "Employee of the Month

question 42

Multiple Choice

When Jason was selected as the "Employee of the month" of his organization, he received a cash prize, a holiday package for two, and a year's membership at the Prestize club. Jason was overwhelmed and felt that he got more than what he deserved. Which of the following terms best represents Jason's understanding of the situation?

• A) Bandwagon effect
• B) Representativeness bias
• C) Framing error
• D) Over-reward inequity
• E) Self-concordance

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Definitions:

Average Tax Rate

The ratio of the total amount of taxes paid to the taxpayer's total income, expressed as a percentage.

Dollar Tax Liability

The amount of tax payable to the government, measured in dollars, by an individual or corporation.

General Sales Tax

A broad-based tax imposed on sales of goods and services, typically at the point of sale.

Laffer Curve

A theoretical representation showing the relationship between tax rates and the amount of tax revenue collected by governments.