A Simplified Set of Traits Associated with Membership in a Group

question 84

Multiple Choice

A simplified set of traits associated with membership in a group or category is called ____.

• A)prejudice
• B)discrimination
• C)a bias
• D)a stereotype

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Definitions:

Variable Costs

Expenses that change in proportion to the level of production or sales, such as raw materials and labor costs.

Operating Leverage

Operating leverage describes the extent to which a company can increase profits by increasing sales, indicating the proportion of fixed costs to variable costs.

Break-Even Point

The level of output or sales at which a company does not make a profit or loss, but all costs are covered.

Operating Leverage

measures a company's fixed costs relative to its total costs, indicating how a change in sales will affect its operating income.