The Halo Effect and Similar-To-Me Effects Are Considered Examples of Which

question 10

Multiple Choice

The halo effect and similar-to-me effects are considered examples of which type of rating error?

• A)trait system errors
• B)contrast errors
• C)illegal discrimination errors
• D)bias errors

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Definitions:

Total Cost

The complete sum of all expenses incurred in producing, acquiring, or carrying out an activity or service, including direct, indirect, fixed, and variable costs.

Best Alternative

The most favorable option available to a decision-maker when multiple choices are present.

Operating Costs

Expenses associated with the day-to-day functions of running a business, including costs for rent, utilities, payroll, and materials.

Demand Fluctuation

Variations in the demand for goods or services over time, which can be seasonal or influenced by external factors.