You Have Been Given Funding for an Assistant Manager in Your

question 44

Multiple Choice

You have been given funding for an assistant manager in your department.During the interview process,you find someone who graduated from the same university as you did,played the same sports as you did,and was a member of a greek organization just as you were.If you decide to hire this candidate,which of the selection problems have you perhaps failed to avoid?

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

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Definitions:

Variable Costs

Costs that vary directly with the level of output or business activity, such as materials and labor.

Revenues

The total income produced by a company from its activities, before any expenses are subtracted.

Long-run Supply Curve

A graphical representation that shows the relationship between the price of a good and the quantity supplied over a period long enough for producers to adjust all of their inputs.

Short-run Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity supplied over a short period, holding some inputs fixed.