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What are the limitations of using variable costing?
Prejudice
Negative feelings, opinions, and beliefs associated with a stereotype.
Fundamental Attribution Error
A common cognitive bias where an individual tends to attribute others' behaviors to their character or personality while underestimating situational factors.
Actor/Observer Bias
The tendency to attribute one's own actions to external causes while attributing others' actions to their personality.
Self-Fulfilling Prophecy
A situation where an individual's expectations or the expectations of others lead to behaviors that cause those expectations to come true.
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