Business Managers Are Often Overly Confident of Their Own Hiring

question 190

Multiple Choice

Business managers are often overly confident of their own hiring ability because they are more likely to monitor the successes of people they hired than the achievements of those they rejected.This illustrates that overconfidence may be facilitated by

• A) an algorithm.
• B) prototypes.
• C) the framing effect.
• D) confirmation bias.

Examine the implications of new psychoactive substances on public health and societal norms.

Understand the biological and psychological factors contributing to substance use and dependence.

Define and understand substance use disorder and its characteristics.

Identify substances classified as drugs and substances not considered drugs.

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Definitions:

Common Fixed Expense

Costs that do not vary with production volume, and are shared among different products or business segments.

Contribution Margin Ratio

The portion of sales revenue left over after variable expenses have been deducted, expressed as a percentage of sales revenue.

Variable Expenses

Costs that vary in direct proportion to changes in an activity level or volume, such as raw materials and direct labor.

Sales

Sales refer to the revenue generated from the exchange of goods or services for money or other assets between a seller and a buyer.