Amanda,Sarah,Jonas,and William Have Been Assigned a Group Project

question 30

Multiple Choice

Amanda,Sarah,Jonas,and William have been assigned a group project.Amanda ends up doing most of the work while the others get the same grade as she.This is an example of

• A)the bystander effect.
• B)social loafing.
• C)pluralistic ignorance.
• D)diffusion of responsibility.

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Definitions:

Indirect Costs

Costs that are not directly traceable to a single product or operation, such as overhead.

Opportunity Costs

The potential benefit missed out on when choosing one alternative over another.

Conversion Cost

Conversion cost is the sum of direct labor and manufacturing overhead costs incurred to convert raw materials into finished goods.

Product Cost

The expenses incurred to create a product, including direct materials, direct labor, and manufacturing overhead.