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54. Top management is responsible for developing long-term that make clear how the company will serve
Customers and position itself against competitors in the next two to five years.
Scapegoat Theory
A social psychology concept suggesting that individuals or groups often blame someone else for their own problems, leading to feelings of prejudice against that person or group.
Just-World Phenomenon
The cognitive bias to believe that the world is fair and people get what they deserve.
Availability Heuristic
A mental shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic or decision.
Explicit Bias
Prejudice or favoritism toward a group or individual that is consciously identified and directly expressed by an individual.
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Q27: According to Chester Barnard, for many managerial
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