Purchasing Materials in Higher Volumes Has the Advantage of Reducing

question 47

Multiple Choice

Purchasing materials in higher volumes has the advantage of reducing ______.

• A)unit cost of material
• B)costs associated with storing these materials
• C)avoiding the possibility of having a surplus of finished products
• D)price charged to customer

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Definitions:

Stereotype Threat

Members of a social group feel they might be judged or treated according to a stereotype and that their behaviour and/or performance will confirm the stereotype.

Halo Effect

A cognitive bias where an impression created in one area influences opinion in another area.

Similar-To-Me Effect

A rater gives more favourable evaluations to people who are similar to the rater in terms of background or attitudes.

Gender Stereotypes

Preconceived notions about the roles and behaviors of men and women based on traditional gender roles and societal expectations.