_____ Is a Perceptual Error That Represents the Tendency to Evaluate

question 50

Multiple Choice

_____ is a perceptual error that represents the tendency to evaluate people or objects by comparing them with characteristics of recently observed people or objects.

• A)Contrast effect
• B)Recency effect
• C)Central tendency
• D)Leniency
• E)Halo

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Definitions:

Net Income

The profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.

Total Contribution Margin

The difference between total sales revenue and total variable costs, representing the amount available to cover fixed expenses and generate profit.

Variable Cost

Costs that fluctuate with the level of production or sales, such as raw materials or commission fees.

Fixed Costs

Fixed costs are expenses that do not change with the level of production or sales activities within a certain range or period.