One Reason Complex Models Have Not Found Widespread Use and Application

question 40

Multiple Choice

One reason complex models have not found widespread use and application is that

• A) managers are lazy
• B) managers cannot understand how they work
• C) the models are inaccurate
• D) good models are time-consuming and managers must often react swiftly to dynamic demand
• E) the statement is false; complex models are widely used and accepted

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Definitions:

Halo Effect

A cognitive bias in which an observer's overall impression of a person, product, or company influences their feelings and thoughts about that entity's character or properties.

Mate Selection

This process involves choosing a partner for romantic or sexual relationships, based on various factors such as personal preferences, social norms, and evolutionary influences.

Mate Guarding

Behavioral strategies implemented by individuals to prevent their mates from engaging in mating opportunities with rivals.

Halo Effect

A cognitive bias where an individual's overall impression of a person influences their feelings and thoughts about that person's character or properties.