Some Factors Distort Our Perceptions

question 63

Multiple Choice

Some factors distort our perceptions. One such factor, _______, creates an expectation of what specific situations, people or events will be like.

• A) stereotyping
• B) jumping to conclusions
• C) the halo effect
• D) first impressions

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Definitions:

Fixed Manufacturing Overhead

Costs that remain constant in total within manufacturing operations, regardless of the level of production, such as factory rent or salaries of permanent staff.

Traceable Fixed Expenses

Fixed costs that can be directly linked to a specific cost object, such as a department or product.

Net Operating Income

A company's gross income minus operating expenses, excluding taxes and interest charges, giving insight into the operational efficiency of the company.

Contribution Margin Ratio

The percentage of each sale that exceeds the variable costs and contributes to covering fixed costs and generating profit.