Ihaveathousandfriends Social Networking Firm Had a Remarkably Profitable Year

question 313

Multiple Choice

Ihaveathousandfriends Social Networking firm had a remarkably profitable year. As a result, its employees expect to receive bonus checks. Which of the following insights into human behavior do the employees exhibit?

• A)People are overconfident.
• B)People care about fairness.
• C)People are reluctant to change their minds.
• D)People are inconsistent over time.

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Definitions:

Mental Model Learning

Mental model learning involves adjusting and refining the internal representations or frameworks that individuals use to understand the world, solve problems, and make decisions.

Particular Frame

A specific perspective, interpretation, or point of view from which situations, events, or concepts are analyzed or understood.

Managers and Employees

Refers to the relationship and roles within an organization where managers are responsible for planning, leading, organizing, and controlling, while employees execute tasks and responsibilities.

Open System

An open system is a system that regularly exchanges feedback with its external environment. Open systems are adaptive in nature because they react to changes in the environment.