A Supervisor's High Expectations of a New Employee and the Subsequent

question 12

Multiple Choice

A supervisor's high expectations of a new employee and the subsequent high performance of that employee is an example of .

• A) impression management
• B) stereotyping
• C) perceptual bias
• D) self-fulfilling prophecy

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Definitions:

Perfectly Inelastic

Refers to a market situation where the quantity demanded or supplied does not change regardless of the price level changes.

Perfectly Elastic

Describes a market situation where quantity demanded or supplied changes by an infinite amount in response to any change in prices.

Demand

The willingness and ability of consumers to purchase goods and services at various prices.

Price Elasticity

A measure of the sensitivity of demand or supply to changes in price, indicating how the quantity demanded or supplied responds to price changes.