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Walt was embarrassed to have to take a personality inventory before getting the job for which he was applying. Needless to say, he really wanted to make a good impression, so he answered everything the way he thought his new boss would like, in spite of his true feelings on some questions. Psychologists call this type of bias ________.
Direct Costs
Costs that can be directly attributed to the production of a specific good or service, such as raw materials and labor.
Marginal Analysis
Evaluation of the extra benefits derived from an activity versus the extra costs it incurs.
Family Business
A commercial organization in which decision-making is influenced by multiple generations of a family.
Trade Embargo
A government-imposed ban on trade with a specified country or the exchange of specific goods, often used as a political sanction.
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