Examlex
________ refers to how costly it is for a firm to alter its strategic and organizational decisions.
Situational Factors
External elements or circumstances that can influence an individual's behavior or the outcome of a decision or event.
Contrast Effect
An effect that takes place when people rank something higher or lower than they should as a result of exposure to recent events or situations.
Perceptual Distortion
An error in perception resulting from individual biases or misinformation, affecting the interpretation of reality.
Attribution Theory
A theory that holds that people look for two causes to explain the behavior of others: internal attributions, which are personal characteristics of others, and external attributions, which are situational factors.
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