Bill, a Manager at a Consulting Firm, Has Been Keenly

question 47

Multiple Choice

Bill, a manager at a consulting firm, has been keenly analyzing the performance of a new recruit who turns out to be extremely intelligent.He concludes that she will be a good manager in the future even though her interpersonal skills are not half as impressive.This conclusion on Bill's part seems to be the result of ________.

• A) stereotyping
• B) selectivity
• C) the halo effect
• D) assumed similarity

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Definitions:

Bushels

A unit of volume used primarily in agriculture to measure quantities of grain, fruit, or other produce.

Equilibrium Level

The point at which market supply and demand balance each other, and as a result, prices become stable.

Scarcity

A fundamental economic problem of having seemingly unlimited human wants in a world of limited resources.

Shortage

A situation where the demand for a good or service exceeds its supply in the market, often leading to increased prices.