Asch (1946)found That Some Traits (Central Traits)perceived in Others Strongly

question 67

Multiple Choice

Asch (1946) found that some traits (central traits) perceived in others strongly affect how we decide if other traits also apply.For example,we are more likely to judge Mary as 'generous' if we also believe that she is

• A) 'warm'
• B) 'cold'
• C) 'polite'
• D) both A and B

Analyze the implications of flexible and static budgets.

Distinguish between flexible budget variance, labour rate variance, and labour efficiency variance.

Interpret variable overhead efficiency variance and its impact on production cost control.

Understand the significance of standard quantity and cost on the standard cost card.

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Definitions:

Square Footage

The measurement of area, especially used in reference to the size of a building or room, calculated in square feet.

Contribution Margin

The amount remaining from sales revenue after all variable expenses have been deducted.

Contribution Margin

Contribution Margin is the selling price per unit minus the variable cost per unit, indicating how much of a product's sales contribute towards fixed expenses and profit.

Net Income

The profit of a company after all expenses and taxes have been subtracted from total revenue; a key indicator of financial health.