The Easiest Way to Increase the Ratio of Outputs to Inputs

question 43

Multiple Choice

The easiest way to increase the ratio of outputs to inputs would be to ________.

• A)decrease the selling price of outputs
• B)increase the selling price of outputs
• C)decrease the amount of inputs
• D)increase the cost of the input
• E)hire additional employees

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Definitions:

Ultimate Attribution Error

A bias in which negative behaviors by out-group members are attributed to their character, while similar actions by in-group members are attributed to situational factors.

Outgroup

A social group to which a person does not identify or belong, often perceived as fundamentally different or inferior.

Luck

A concept that denotes the experience of notably positive, negative, or improbable events by chance.

Stereotypes

Oversimplified generalizations about groups of people that often underpin prejudice and discrimination.