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In one well-known study on empathy, participants had to watch a confederate ("Elaine") receive electric shocks. They were told either that they had to watch 10 full trials of shocks, or that they could leave after watching the first two trials only. They were also told that their values and interests were similar to those of the confederate (similar group) , or that their values and interests were different from those of the confederate (dissimilar group) . After the first two trials had been completed, participants were asked whether they would switch places with the confederate-she was apparently very upset by the shocks due to a negative childhood experience with electricity. The researchers found that, in the dissimilar group, ____ agreed to switch places.
Automated Equipment
Machinery and tools that operate with minimal human intervention, often used to enhance efficiency in manufacturing or production processes.
Contribution Margin Ratio
A financial ratio that shows how much of a company's sales revenue is available to cover its fixed costs and contribute to net profit, calculated as contribution margin divided by sales revenue.
Fixed Costs
Fixed costs are business expenses that remain constant regardless of the level of production or sales, such as rent, salaries, and insurance.
Break-Even Point
The financial state where a company's total revenues equal its total costs, resulting in neither profit nor loss.
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