At a World Issues Conference,all the Participants Were Asked to Develop

question 13

Multiple Choice

At a World Issues Conference,all the participants were asked to develop responses to two case situations.People naturally split themselves up into teams based on their occupations.Which of the following helps to explain why the participants acted this way?

• A)Self-fulfilling prophecy
• B)Bandwagon effect
• C)Social identity theory
• D)Projection bias
• E)Needs theory

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Definitions:

Net Income

When revenue totals more than expenses, the result is net income.

Gross Profit

The difference between revenue and the cost of goods sold before accounting for other costs such as selling, administrative, and financial expenses.

Direct Expenses

Costs that can be directly attributed to the production of specific goods or services.

Building Cost

The total expenses involved in constructing a building, including material, labor, and other direct and indirect costs.