The Belief That an Event Is More Likely to Occur

question 182

Multiple Choice

The belief that an event is more likely to occur if it has not occurred recently is consistent with the ​

• A)availability heuristic.
• B)representativeness heuristic.
• C)gambler's fallacy.
• D)conjunction fallacy.

Understand the concepts of idiosyncrasy credits and their relevance in social hierarchies and influence.

Examine the psychological and social mechanisms behind the bystander effect and its implications in emergency situations.

Understand the correlation between power and corruption.

Analyze the effectiveness of different authority structures in groups.

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Definitions:

Outsourcing

The practice of hiring external firms to handle work normally performed within a company, often to cut costs or focus on core business competencies.

Uncertainty

The lack of certainty or predictability about the outcome of an event, often requiring risk management strategies.

Competitive Strategy

A planned method of positioning a company in the market and gaining an edge over competitors, often by analyzing strengths, weaknesses, opportunities, and threats.

Customer Needs

The desires or requirements of buyers that drive their purchase decisions, including product features, price, quality, and convenience.