Examlex
Which of the following statements about social desirability scales is accurate?
1. These scales consist of items that describe a wide variety of socially desirable (or undesirable) tendencies.
2. These scales can accurately identify which persons are “faking” their responses on personality self-report items to appear more virtuous than they really are.
3. These scales can help in the development of personality trait scales that are not too heavily contaminated by socially desirable (or undesirable) responding.
Shut Down
A short-term decision by a firm to cease production due to market conditions, often when the revenue from sales cannot cover variable costs.
Total Cost
The total of all expenses related to the manufacturing of products or provision of services, which encompasses both constant and fluctuating costs.
Perfectly Competitive
An economic market scenario where buyers and sellers operate in a setting with full information, resulting in efficient allocation of resources.
Economic Profit
The profit a business makes after deducting both its explicit and implicit costs, not just its operational expenses.
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