You Walk into Your Classroom Just as the Class Before

question 72

Multiple Choice

You walk into your classroom just as the class before yours is getting out. You notice two people standing by lectern at the front of the classroom: a 50-year old man and a 26-year old woman. You assume the man is the instructor and the woman is the student because most of your professors are older men. This is an example of

• A) the availability heuristic.
• B) the representativeness heuristic.
• C) the overconfidence phenomenon.
• D) the confirmation bias.

Grasp the significance of conflict in terms of team power, satisfaction, trust, and effectiveness.

Recognize the distinctions in conflict resolution across different cultures.

Identify strategies for collaborative, interest-based conflict resolution in teams.

Understand the principles of fairness and equality and how they apply in group settings.

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Definitions:

Interest-Bearing Notes

Written promises to pay a specified sum of money, plus interest, on a certain date to the holder of the note.

Large Denominations

Refers to currency or securities of a high face value.

Operating Leases

Operating leases are contractual agreements in which the lessee pays to use an asset for a specific period without gaining ownership, typically used for equipment and vehicles.

Capitalize

The accounting practice of recording a cost/expense as an asset, rather than an expenditure, thereby extending the recognition of its financial impact over the useful life of the asset.