Advising Managers to Be Sensitive to New Information and to Revise

question 9

Multiple Choice

Advising managers to be sensitive to new information and to revise prior judgments in light of new information reduces the effects of which of the following heuristics?

• A)Representativeness heuristic
• B)Availability heuristic
• C)Simulation heuristic
• D)Anchoring-and-adjustment heuristic
• E)Confrrmation bias

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Definitions:

Parallel Logic

A method of computation or digital circuit design where multiple processes or operations are carried out simultaneously.

AND Logic

A fundamental logic operation where the output is true only if all the inputs are true, used in computing and digital circuits.

Contacts

Electrical components that physically connect two points in a circuit, allowing electricity to flow, or in software applications, they refer to information records for individuals or organizations.

Output Instructions

Commands in programming languages or PLCs that control the output actions or devices, based on logic or conditions.