Making a General Business Decision About Where to Manufacture a Product

question 1

True/False

Making a general business decision about where to manufacture a product based on the result of a single survey of one small focus group is a cognitive bias known as illusion of control.

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Definitions:

Hypothalamus

A small but crucial part of the brain involved in many functions, including hormone release, regulation of body temperature, and hunger control.

Physical Needs

Basic requirements for human survival, such as food, water, shelter, and sleep.

Hyperphagic

Characterized by excessive eating.

Aphagic

Characterized by undereating.