The Concept in Which Leaders Will Take Risks in Order

question 38

Multiple Choice

The concept in which leaders will take risks in order to protect what they have is known as

• A) status quo bias.
• B) unmotivated bias.
• C) cognitive dissonance.
• D) bolstering.

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Definitions:

Probability

A measure of the likelihood of occurrence of an event, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.

Z Statistic

A statistic that tells us how many standard deviations an element is from the mean. It is used in hypothesis testing.

Probability

A measure quantifying the likelihood that events will occur, ranging from 0 (impossibility) to 1 (certainty).

α

Typically used to denote the level of significance in hypothesis testing, representing the probability of rejecting a true null hypothesis or the threshold of rareness.