Janiszewski and Uy 2008) Conducted an Experiment in Which They

question 5

Multiple Choice

Janiszewski and Uy 2008) conducted an experiment in which they had 43 participants read 10 scenarios.In this study, the researchers wanted to determine the impact of the scenario type on the anchoring and adjusting of participants.Anchoring and adjustment occurs when people use a starting point anchor) as a basis to make judgments about a given scenario adjustment) .Which of the following is a disadvantage of this type of research design?

• A)fewer participants
• B)less statistical variance
• C)equal group sizes
• D)attrition

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Definitions:

Revocability

The characteristic of being able to cancel, withdraw, or annul something previously granted or decided.

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house.

Core Competency

A set of knowledges and skills that make the organization superior to competitors and create value for customers.

Strategic Planning

The process of defining a business's strategy or direction and making decisions on allocating resources to pursue this strategy.