The Trap of Not Making Decisions Due to People Having

question 26

Multiple Choice

The trap of not making decisions due to people having come to accept problems as normal is known as:

• A) standardisation bias of variance.
• B) standardisation bias of deviance.
• C) normalisation bias of variance.
• D) outcome bias.
• E) normalisation bias of deviance.

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Definitions:

Wage Rate

The wage rate is the amount of money paid to a worker for a specified quantity of work, typically expressed on an hourly, daily, or piecework basis.

Tangerines

A small citrus fruit with a deep orange color, easy to peel skin, and a sweet flavor.

Consumption Proportions

The ratios at which various goods and services are consumed by an individual or in an economy.

Price Change

A variation in the price level of goods or services over a period of time, which can affect demand, supply, and market equilibrium.