________ is when we attribute our failures to external factors and our successes to internal factors.
A. The gambler's fallacy
B. The fundamental attribution error
C. The self-serving bias
D. Escalation of commitment
E. The ratio bias effect
Answer: C
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The three major cost of manufacturing a product are:
A. Direct materials, direct labor, and factory overhead. B. Indirect labor, indirect materials, and fixed expenses. C. Product costs, period costs, and variable costs. D. General, selling, and administrative costs. E. Marketing, selling, and administrative costs.
Because industrial relations is perceived as a mixture of conflicts of interests and shared opportunities for mutual gain, it is known as a _______________________________ conflict.
Fill in the blank(s) with the appropriate word(s).
Defined-benefit plans have a fixed amount of payout at retirement.
Answer the following statement true (T) or false (F)
Peter has been researching branding strategies for a class project. He came across several companies which have recently experienced brand decay. Which of the following is NOT a cause of brand decay?
a. a merger b. a takeover c. brand revisions d. brands are overstretched into new products