A Crisis Does Not Always Have to Be Negative

question 135

True/False

A crisis does not always have to be negative.It can be an opportunity for a company to improve its position in the market and enhance its image.

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Definitions:

Confirmation Bias

The predisposition towards identifying, understanding, prioritizing, and retaining info that supports and confirms preconceived notions or assumptions.

Reasoning Errors

Reasoning errors are mistakes or flaws in the logical process used to deduce or infer conclusions, often leading to inaccurate judgments or assessments.

Financial Decisions

Choices made by individuals or businesses related to investments, budgeting, savings, and spending that affect financial health and goals.

Over-Optimism

A bias in judgment or planning that causes people to overestimate the likelihood of positive outcomes.