Because It Is Impossible for Us to Assimilate Everything We

question 66

Multiple Choice

Because it is impossible for us to assimilate everything we see, we engage in ________.

• A) selective perception
• B) cognitive dissonance
• C) self-serving bias
• D) emotional labour
• E) fundamental attribution error

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Definitions:

Variable Expenses

Expenses that fluctuate with changes in production volume or business activity levels, including materials, labor, and utilities.

Contribution Margin

The difference between sales revenue and variable costs, used to cover fixed costs and contribute to profit.

Variable Manufacturing Costs

Charges that fluctuate based on the volume of production, like components used in product assembly and wages for workers on the production line.

Variable Selling Expenses

Selling costs that fluctuate with sales volume, such as commissions for sales staff.