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Being Alums of the Same School,having Similar Hobbies,or Having Similar

question 26

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Being alums of the same school,having similar hobbies,or having similar talents with the person being rated can lead to unconsciously awarding higher performance ratings than is appropriate and is called the __________ effect.


Definitions:

Contribution Per Unit

The amount of money left from the sale of one unit after deducting the variable costs associated with the product's production and sale.

Variable Cost Per Unit

The cost that varies with the level of output or production, such as materials and labor, on a per-unit basis.

Total Variable Cost

The sum of all costs that vary with the level of output produced, such as materials and labor.

Break-Even Analysis

Technique used to examine the relationships among cost, price, revenue, and profit over different levels of production and sales to determine the break-even point.

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