In the Case of Positive Bias,people Tend to

question 7

Multiple Choice

In the case of positive bias,people tend to

• A)overforecast.
• B)underforecast.
• C)be exact.
• D)be pessimictic.

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Definitions:

Profit-Sharing Program

A company incentive plan in which employees receive a portion of the company's profits, enhancing motivation and loyalty.

Skill-Based Pay Plan

A compensation system that determines employees' pay rates based on their skills, knowledge, and abilities rather than their job position or title.

Reward Motivation

The drive to perform actions or engage in behaviors due to the anticipation of positive reinforcements or rewards.

Timeliness

The quality or habit of occurring, acting, or being done at the appropriate or planned time.