The Status Quo Bias Is Different from the Omission Bias

question 90

Multiple Choice

The status quo bias is different from the omission bias in that the former is about making decisions that ____, while the latter is about making decisions that ____.

• A)keep things the same; require no effort
• B)keep things the same; avoid risks
• C)are similar to other people's decisions; require little effort
• D)are similar to other people's decisions; avoid risks

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Definitions:

Employee Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work, which directly affects their productivity and company loyalty.

Giant Manufacturing

Giant Manufacturing refers to large-scale production and operation activities in industries, typically involving the mass production of goods.

Schwinn

A brand known for its bicycles, representing a case study in business for its successes and failures over time.

Confidential Employee Information

Sensitive personal and professional details about employees that are protected by privacy laws and should only be accessed on a need-to-know basis.