The Tendency to Assume That Others Know More Than You

question 69

Multiple Choice

The tendency to assume that others know more than you do in a crisis or ambiguous situation, when in reality, no one knows anything, is called ____.

• A) the autokinetic effect
• B) the sleeper effect
• C) pluralistic ignorance
• D) yielding

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Definitions:

Supply Function

An economic principle describing the relationship between the price of a good and the quantity supplied, assuming other factors remain constant.

Organizational Goals

Objectives or targets set by an organization that guide its strategy, operations, and endeavors towards achievement.

Inventory Investment

The capital tied up in goods and materials kept in stock, which represents a cost and risk to the business.

Demand for Inventoried Items

The need or desire for products or goods that are kept in stock for sale or distribution.