Which Type of Error Has Occurred When a Music Critic's

question 100

Multiple Choice

Which type of error has occurred when a music critic's review of Lady GaGa's latest album is more positive than most person on the planet believe was warranted?

• A) fashion error
• B) central tendency error
• C) severity error
• D) halo effect

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Definitions:

Sunk Costs

Costs that have already been incurred and cannot be recovered or influenced by any decision made now or in the future.

R&D Expenditures

Research and Development expenditures are costs incurred in the process of discovering, developing, and enhancing products, technologies or services.

Engine-Oil Additive

A substance added to engine oil to improve its properties, such as reducing friction, wear, or corrosion, and enhancing performance.

Sunk Cost

A cost that has already been incurred and cannot be removed and therefore should not be considered in an investment decision.