You Started an Online Business Three Weeks Ago

question 5

Multiple Choice

You started an online business three weeks ago. Thus far, you have averaged 10 sales a day, which is one sale for every five hits. You are now considering giving up your day job and becoming a full-time online retailer. You have calculated the amount of income you can earn based on 10 sales a day and know that level of income would support you in a comfortable fashion. The belief that you will have 10 sales per day on average if this becomes your full-time occupation is based on which one of the following?

• A) Mental accounting.
• B) Anchoring and adjustment.
• C) Law of small numbers.
• D) Bubble and crash theory.
• E) Confirmation bias.

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Definitions:

Relations-oriented

A leadership style or approach that prioritizes and focuses on the development of positive relationships among team members and between leaders and their teams.

Commitment

A pledge or promise to engage in an action or support a cause or entity.

Mutual Trust

A reciprocal belief between parties that each will act in the interest of the other, essential for collaboration and teamwork.

Role Ambiguity

The lack of clarity about expected behavior, responsibilities, and tasks in a job role, leading to confusion and stress.