Assume You Are in the Business of Producing and Selling

question 139

Multiple Choice

Assume you are in the business of producing and selling cars. If you could produce more cars with the same input what would happen to your productivity and profits assuming the price of your cars remains the same?

• A) Increase in productivity, decrease in profits
• B) Increase in productivity, increase in profits
• C) Decrease in productivity, decrease in profits
• D) Decrease in productivity, increase in profits

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Definitions:

Context

The circumstances, background, or settings that form the environment within which an event, statement, or idea is understood and interpreted.

Nonverbal Cues

Subtle gestures, expressions, and other physical actions that communicate messages without the use of words.

Selective Perception

The tendency to select information that supports our individual viewpoints while discounting information that threatens our viewpoints.

Social Perception

The process by which individuals form impressions of others and interpret information about them.