Studies of Human Decision Making Reveal Several Systematic Mistakes People

question 327

Multiple Choice

Studies of human decision making reveal several systematic mistakes people make. Which of the following is not an example of one of these mistakes?

• A)Tom tells everyone he's sure he can run a 5K in twenty-five minutes, but then tries a couple of times and takes over thirty minutes.
• B)Kate hears a news report about five people dying from a tornado in Kansas and decides to cancel her plans to visit her aunt there.
• C)Randi is a strong proponent of raising the minimum wage. She reads a research report on the effects of increasing the minimum wage and begins to doubt her previous thinking.
• D)Jenny is shopping for a new car and has found that Hondota cars consistently get high quality ratings. Her friend had trouble with her Hondota, so Jenny decides not to purchase a Hondota.

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Definitions:

Quality Control

Measuring output against established quality standards.

Manufacturing Resource Planning

Manufacturing Resource Planning (MRP II) is an integrated method for effective planning of all resources of a manufacturing company.

Production Control

A business function that involves managing and directing the production process, ensuring products are produced efficiently, at the right quality, quantity, and cost.

Production Process

The method or series of actions taken to create a product or service, starting from raw materials to the final output.