Describe common perceptual biases with examples.
What will be an ideal response?
Examples should include some of the following: Common biases are the primacy
effect, stereotypes, the recency effect, availability bias, contrast effects, and the halo
and horns errors. Primacy effect: perseverance of beliefs based upon what is observed
first. Stereotypes: judging a person based on membership in a group. Recency effect:
people remember the most recently presented items or experiences. Availability bias:
readily available information that comes to a person’s mind affects a decision. Contrast
effects: things are perceived differently when compared to others. Halo (horns) error:
occurs when the rater’s overall positive (negative) impression or evaluation strongly
influences ratings of specific attributes.
You might also like to view...
Which of the following would be a new supervisor's most reliable source of getting to know his or her new employees?
A. The employees themselves B. The performance appraisals of employees C. The human resource department D. The top management
Norr and Caylor established a partnership on January 1, 2017. Norr invested cash of $100,000 and Caylor invested $30,000 in cash and equipment with a book value of $40,000 and fair value of $50,000. For both partners, the beginning capital balance was to equal the initial investment. Norr and Caylor agreed to the following procedure for sharing profits and losses:- 12% interest on the yearly beginning capital balance- $10 per hour of work that can be billed to the partnership's clients- the remainder divided in a 3:2 ratioThe Articles of Partnership specified that each partner should withdraw no more than $1,000 per month, which is accounted as direct reduction of that partner's capital balance.For 2017, the partnership's income was $70,000. Norr had 1,000 billable hours, and
Caylor worked 1,400 billable hours. In 2018, the partnership's income was $24,000, and Norr and Caylor worked 800 and 1,200 billable hours respectively. Each partner withdrew $1,000 per month throughout 2017 and 2018.Determine the amount of net income allocated to each partner for 2018. (Round all calculations to the nearest whole dollar.) What will be an ideal response?
Continuous monitoring, in the contemporary approach, is beneficial because
A. organization response time is increased. B. organizational flexibility is reduced. C. it reduces time lags. D. it increases the time it takes to detect changes in the competitive environment.
Clip art found on the Internet
a. is never free to users b. always requires permission for use c. may be appropriate for use in business documents d. is always free to users