A Manager Expects High Levels of Performance from Ashley,a Newly

question 7

Multiple Choice

A manager expects high levels of performance from Ashley,a newly hired employee,because she graduated from a prestigious Ivy League university.A year later,the manager rates Ashley's job performance more highly than her actual performance based on his initial belief.What kind of rater error was made by the manager?

• A)negative halo effect
• B)first-impression-effect
• C)positive halo effect
• D)contrast errors

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Definitions:

Predatory Pricing

A pricing strategy where a firm sets its prices below cost in the short term to drive competitors out of the market and achieve a monopoly.

Artificially Low Price

A pricing strategy where goods or services are sold at a price below their market value, often to drive competitors out of the market or gain market share.

Elastic

Describes a situation where the quantity demanded or supplied of a good or service significantly changes in response to price changes.

Cartel's Product

The goods or services produced and sold by a cartel, which is an association of independent businesses organized to regulate production, pricing, and marketing of goods.