We Don't Evaluate a Person in Isolation

question 73

Multiple Choice

We don't evaluate a person in isolation. Our reaction to a person is influenced by other persons we have recently encountered. This is known as the ________.

• A) the halo effect
• B) contrast effect
• C) confirmation bias
• D) framing effect
• E) impact bias

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Definitions:

Net Income

The residual profit of an enterprise after deducting all expenditures and tax payments from its overall revenue.

Withdrawal

The process of removing funds from a bank account or investment.

Prepaid Insurance

Coverage payments made in advance that are recorded as assets and then expensed over the period that the insurance policy covers.

Advance Payment

Payment made to a supplier or service provider before receiving the goods or services.