Research on Thin Slice Theory Suggests That First Impressions Are

question 70

True/False

Research on thin slice theory suggests that first impressions are often more accurate when based on very brief observations versus when they are based on longer observations.

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Definitions:

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Interest Rate

The amount charged by a lender to a borrower for the use of assets, expressed as a percentage of the principal.

Break-Even Point

The point at which total costs and total revenue are equal, resulting in no net loss or gain.

Variable Cost

Expenses in a business operation that fluctuate with the level of output, such as materials and labor costs.