Define perceptual distortion by generalization.
What will be an ideal response?
Perceptual distortion by generalization occurs when small amounts of perceptual information are used to draw large conclusions about individuals.
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When cooperative pragmatists are negotiating genuine trust is needed between the negotiators
Indicate whether the statement is true or false.
A company produces a single product. Variable production costs are $13.60 per unit and variable selling and administrative expenses are $4.60 per unit. Fixed manufacturing overhead totals $52,000 and fixed selling and administration expenses total $56,000. Assuming a beginning inventory of zero, production of 5600 units and sales of 4400 units, the dollar value of the ending inventory under variable costing would be:
A. $10,800 B. $21,840 C. $27,120 D. $16,320
Why is a large number of exposure units generally required before a pure risk is insurable?
A) It prevents the insurer from losing money. B) It eliminates intentional losses. C) It minimizes moral hazard. D) It enables the insurer to predict losses more accurately.
Ashley would like to propose to the board of directors of Mountain Corporation that it distribute eight percent of its pre-tax yearly income to provide housing to homeless veterans. To Milton Friedman, Ashley's proposal would be considered unethical, because it violates the purpose for which the corporation was established
Indicate whether the statement is true or false