Even Though Vlad Never Actually Exercises, You Have Always Assumed

question 52

Multiple Choice

Even though Vlad never actually exercises, you have always assumed that he is an athlete because he hangs around at the gym (like other athletes) , drinks bottled water nonstop, and wears sweat suits everywhere. Your (false) assumption that Vlad is an athlete is most clearly an example of the ____.

• A)availability heuristic
• B)actor/observer bias
• C)representativeness heuristic
• D)anchoring and adjustment heuristic

Understand the factors that determine the necessity and size of meetings.

Recognize appropriate communication methods for sharing information.

Learn the importance and components of meeting records.

Assess the impact of different communication media richness in organizational context.

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Definitions:

Elastic

A term used in economics to describe the sensitivity of the demand or supply of a good or service to changes in its price.

Perfectly Inelastic

A situation in which the quantity demanded or supplied does not change regardless of any change in price.

Fixed Number

A specific, unchanging quantity that does not vary under different conditions or over time.

Supply Curve

A graph showing the relationship between the price of a good and the amount of it that producers are willing to supply at those prices.