Biases

question 100

Multiple Choice

Biases:

• A) Inhibit anticipating all future conditions
• B) Assist in the identification of relevant information
• C) Do not affect the ability to identify irrelevant information
• D) Are not a problem in ethical decision making

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Definitions:

Functional Resources

Assets or inputs that are practical and directly contribute to the production process or service delivery in organizations.

Internal Competition

Describes a situation within an organization where employees or departments compete against each other for recognition, promotion, or rewards, which can either be motivating or destructive.

Differentiation Strategy

A business approach where a company develops unique products or services to stand out from its competitors, targeting specific market niches.

Distinctive

Characterized by a unique feature, quality, or characteristic that sets it apart from others.