The Anchoring Tendency Relates To

question 33

Multiple Choice

The anchoring tendency relates to:

• A) Starting from an initial numerical value and then adjusting insufficiently away from it in forming a final judgment
• B) Starting from management's estimate and then adjusting sufficiently away from it in forming a final judgment
• C) Developing a system to give voice to one's values
• D) Developing a decision making framework

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Definitions:

Stability

The state of being steady, consistent, or unchanged over time.

Personality

The combination of characteristics or qualities that form an individual's distinctive character, influencing thoughts, behaviors, and emotions.

Adult

An individual who has reached the age of maturity, typically recognized legally and socially, with responsibilities and independence.

Committed Partners

Individuals in a relationship who have made a mutual decision to share a life together, implying emotional and often legal bonds.