Readily available information may not present a complete picture of a situation due to
A. availability bias.
B. information bias.
C. the representativeness effect.
D. anchoring and adjustment bias.
E. confirmation bias.
A. availability bias.
When availability bias is present, managers use information readily available from memory to make judgments. Managers tend to give more weight to more recent behavior. Because of availability bias, managers use information readily available from memory to make judgments.
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Martin works as a pizza delivery person. He parks his bike outside Regalia Inc. to deliver an order. Meanwhile, a damaged book rack in Regalia, which is situated on the first floor of the building, falls down through an open window and crashes on his bike. However, no one admits to having seen the rack fall. Can Martin recover against Regalia for negligence?
A. Martin will be unable to recover because parking under an open floor window amounts to contributory negligence and he is therefore liable for the accident too. B. Martin can recover if he can prove that book racks do not fall out of windows in the absence of negligence and that Regalia Inc. had exclusive control of the rack prior to the fall. C. Martin can recover only if he finds a witness who saw the book rack crashing on the bike. D. Martin will be unable to recover because parking under an open window amounts to assumption of risk.
Gnome Company is deciding whether to continue to manufacture a component or to buy the component from a supplier. Which of the following is relevant to this decision?
A) the potential uses of the facilities that are currently used to manufacture the component B) the insurance on the manufacturing facility that will continue regardless of the decision C) fixed costs that do not differ between the alternatives D) the cost of the equipment that is currently being used to manufacture the component
The difference between standard quantity allowed and quantity used for a unit of output is known as an ______________________________
Fill in the blank(s) with correct word
When placing a graphic into a document, be sure to check to see how the insertion _________________
a. appears on paper and on screen b. affects readers c. affects the surrounding text d. affects overall page count