Instead of Calling a Hundred Possible Windshield Suppliers, the Purchasing

question 83

Multiple Choice

Instead of calling a hundred possible windshield suppliers, the purchasing manager for Telsa Motor Co. decides to call three suppliers of automobile windshields for a bid on an order for 1,000 windshields for a new car. What type of decision does this represent?

• A)nonprogrammed
• B)illusion of control
• C)satisficing
• D)programmed

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Definitions:

Recency Effect

The tendency to remember the latest information encountered when recalling a list or series of items.

Fundamental Attribution

The tendency to overemphasize personality traits and underestimate situational factors when explaining others' behavior.

Reciprocity

A mutual exchange of privileges, benefits, or actions between people, where one's action leads to a response of a similar kind.

Social Loafing

The occurrence in which people put in less effort to reach an objective while working as part of a team compared to when they are working individually.