You Have Been Given Funding for an Assistant Manager in Your

question 71

Multiple Choice

You have been given funding for an assistant manager in your department.In the pile of applications,you see someone who graduated from the same university as you did and was a member of a greek organization just as you were.If you decide to only call this applicant for an interview,which of the selection problems have you failed to avoid?

• A)rushing
• B)stereotyping
• C)"like me" syndrome
• D)halo and horn effect

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Definitions:

Competitive Industry

A market in which multiple firms compete against each other to sell their goods or services to consumers.

Long-Run

A period in economics during which all factors of production and costs are variable, allowing full adjustment to change.

Indifference Principle

A concept in economics that suggests a consumer has no preference between two bundles of goods because both provide the same level of utility or satisfaction.

Housing Prices

The monetary value assigned to residential properties, influenced by factors like location, demand, and economic conditions.