The "Halo Effect

question 116

Multiple Choice

The "halo effect"

• A)refers to an interviewer's ability to make immediate and correct judgments
• B)is a situation where applicants are asked to discuss their strengths only
• C)often means that people are judged on information that is irrelevant
• D)occurs only when the very best candidates are interviewed
• E)is not a perceptual bias that has any impact in the interviewing process

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Definitions:

Resource Productivity

The ratio of output (goods and services) produced per unit of resource input, used to assess the efficiency of resource use.

Ceteris Paribus

A Latin phrase meaning 'all other things being equal,' used in economics to isolate the effect of one variable on another by holding all other relevant factors constant.

Resource Prices

The costs associated with the factors of production like labor, capital, land, and entrepreneurship used in the creation of goods or services.

Income Distribution

The way in which a nation's total earnings are divided among its population.