The Familiarity Effect Is the Tendency of People To

question 85

Multiple Choice

The familiarity effect is the tendency of people to:

• A) be unable to distinguish between actual experiences and what they have been told.
• B) believe that a statement is true simply because it has been repeated a number of times.
• C) feel more positive toward a person, item, product, or other stimulus that they have seen often.
• D) overestimate their abilities to have predicted an event once the outcome is known.

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Definitions:

Consequences

The results or outcomes that follow directly from specific actions, behaviors, or decisions.

Relevant Data

Information that is directly related and useful to the decision-making process in research or business analysis.

Supply Chain

The sequence of processes involved in the production and distribution of a commodity.

Production Processes

The methods and sequences of operations used to design, manufacture, and deliver products or services.