Gangwer Corporation Produces a Single Product and Has the Following

question 31

Multiple Choice

Gangwer Corporation produces a single product and has the following cost structure: The absorption costing unit product cost is:

• A)$95
• B)$119
• C)$61
• D)$56

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Definitions:

Group Polarisation

The tendency for a group to make decisions that are more extreme than the initial inclination of its members.

Intergroup Attribution

Process of assigning the cause of one’s own or others’ behaviour to group membership.

Ultimate Attribution Error

A cognitive bias where people attribute the positive behaviors of their own group to stable, internal characteristics and negative behaviors of out-groups to their inherent characteristics.

Ingroup Behaviour

Actions and norms exhibited by members within their own group, often characterized by solidarity and loyalty.