Which of the Following Describes the Halo Effect

question 26

Multiple Choice

Which of the following describes the halo effect?

• A) attributing our own successes to internal factors and failures to external factors
• B) judging someone on the basis of our perception of the group to which he or she belongs
• C) interpreting a person's behavior in comparison to others recently encountered
• D) drawing a general impression about an individual on the basis of a single characteristic
• E) underestimating the influence of external factors when making judgments about people

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Definitions:

Average Total Cost

The total cost of production divided by the quantity produced, representing the average cost per unit.

Short Run

A period in economics where at least one factor of production is fixed and cannot be changed.

Purely Competitive

A market structure characterized by many sellers offering identical products with no single seller able to influence the market price.

Total Revenue

The total amount of money a firm receives from sales of its products or services before any expenses are subtracted.