Halo Effect Is More Likely to Occur When

question 64

Multiple Choice

Halo effect is more likely to occur when:

• A)we know the target person and have a good opportunity to measure his or her job performance.
• B)we have low expectations of the target person.
• C)we have a high level of learning orientation.
• D)we are very good at delaying the formation of first impressions.
• E)we lack concrete information about the target person and we are not motivated to search for it.

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Definitions:

Source Of Inefficiency

Factors or situations that prevent an economy or system from achieving optimal allocation and utilization of resources, leading to wasted potential.

Product Diversity

The variety of different items that a company produces or that is available in a market.

Long-run Equilibrium

A state in which all factors of production and costs are variable, and all economic actors have fully adjusted to any economic changes, leading to a no-profit, no-loss scenario.

Monopolistically Competitive

A market structure characterized by many firms selling products that are similar but not identical, allowing for some degree of market power and differentiated competition.