Chris Works at a Local Coffee Shop

question 57

Multiple Choice

Chris works at a local coffee shop. After the manager leaves for the night, he and his fellow employees are required to clean the tables and floors before closing. Often Chris does not put forth a strong effort to make sure he does his part. Chris's behaviour is an example of:

• A) social loafing.
• B) social facilitation.
• C) confirmation bias.
• D) hindsight bias.

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Definitions:

Budgeting

A process of creating a plan to spend your money, allowing you to determine in advance whether you will have enough money to do the things you need or want to do.

Activity Variance

The difference between the expected cost of an activity and its actual cost, often used in budgeting and cost management to analyze performance.

Administrative Expenses

Costs associated with the general operation of a company, which do not directly relate to the production or selling of goods or services.

Budgeting

The process of creating a plan to spend your money, outlining projected income versus expenses.