George Met Paul at a Seminar for the First Time

question 60

Multiple Choice

George met Paul at a seminar for the first time.When Paul expressed his political interests,George felt that Paul was very much alike him as they shared the same opinions on political ideals.George's inference is an example of the:

• A) selective perception.
• B) self-serving bias.
• C) assumed-similarity bias.
• D) fundamental attribution error.

Grasp the principles and arguments of libertarian social ethics theory.

Comprehend Milton Friedman's perspective on corporate social responsibility.

Recognize the structure and governance of corporations in the United States.

Understand the method and significance of true cost-benefit analysis in social theory.

---

Definitions:

Cost of Goods Sold

The direct expenses related to the manufacture of the goods a company sells, encompassing both costs of materials and labor.

Inventory

Assets held for sale in the ordinary course of business, in the process of production for such sale, or in the form of materials to be consumed in the production process.

Purchases Discount

A reduction in the cost of goods or services, granted by the seller to the buyer, when the buyer pays within a specified time frame.

Sales Discount

A reduction in the price of goods or services offered to customers, typically to prompt quick payment or bulk purchases.