Define the Following Heuristic Biases

question 20

Essay

define the following heuristic biases :
-Representative

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Definitions:

Organizational Learning

A process of creating, retaining, and transferring knowledge within an organization to improve performance and competitiveness.

Feedback

Information given to a person or system about their performance or behavior for the purpose of improvement.

Contingency Approach

A managerial strategy that suggests the most appropriate organizational behavior is dependent on the specifics of the situation.

Theoretical

Concerning the abstract principles or models that are used to explain empirical phenomena.