Grading the Performance of Minority Group Members by Using Lower

question 76

Multiple Choice

Grading the performance of minority group members by using lower standards and a patronizing attitude is called

• A) unconscious patronization.
• B) hindsight bias.
• C) scapegoating.
• D) the other-race effect.

Grasp the emerging trends and management approaches in employee benefits.

Understand the various aspects and considerations in setting up vacation programs for employees.

Distinguish between qualified and nonqualified retirement income plans and their tax implications.

Recognize the characteristics of contributory and noncontributory plans.

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Definitions:

Marginal Private Benefits

The additional benefit received by consumers from consuming one more unit of a good or service.

Marginal Social Cost

The total cost to society of producing one additional unit of a good or service.

Public Good

A product or service that is available for all to consume, regardless of who pays and who doesn't, characterized by non-excludability and non-rivalry.

Free-ride

The act of benefiting from resources, goods, or services without paying for the cost of the benefit.