Firm Cannot Afford to Operate Without _____________

question 19

Multiple Choice

firm cannot afford to operate without _____________. _______ is essentially an economic cost of doing business.

• A) a good gross margin / Gross margin
• B) sales / Sales promotion
• C) good employees / Labor
• D) good money management practices / Money management
• E) a realized profit / Profit

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Definitions:

Ultimate Attribution Error

The systematic error made when evaluating the behavior of a group member, attributing positive behaviors to situational factors and negative behaviors to inherent characteristics.

Ingroup Bias

The tendency to favor and extend loyalty to members of one's own group over those from different groups.

Outgroup Derogation

A psychological phenomenon where people tend to view and judge members of a group to which they do not belong less favorably than their own group (ingroup).

Self-Serving Attributions

A cognitive bias where individuals attribute their successes to internal or personal factors while attributing failures to external or situational factors.