The Finding That More Observable Traits Yield Better Interjudge Agreement

question 4

Multiple Choice

The finding that more observable traits yield better interjudge agreement suggests that peer judgment is based more on ________ than on ________.

• A) a manufactured reputation; the target's self-judgments
• B) a manufactured reputation; direct behavioral observation
• C) direct behavioral observation; a manufactured reputation
• D) stereotypes; expectancies

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Definitions:

Third-Degree Price Discrimination

A pricing strategy where a seller charges different prices to different consumer groups based on their elasticity of demand.

Profits Maximization

Aiming to achieve the highest possible profits through decision-making related to business operations and finance.

Price Elasticity

A measure of how much the demand for a good or service changes in response to a change in its price.

Marginal Cost

The extra expense associated with manufacturing an additional unit of a product or service.