Almost Without Exception, the Business Community in America Has ________

question 200

Multiple Choice

Almost without exception, the business community in America has ________ the creation of a welfare state along European lines.

• A) supported
• B) opposed
• C) created
• D) advocated
• E) ignored

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Definitions:

Representativeness Bias

A cognitive bias where individuals incorrectly assess the probability of an event based on similarities to existing prototypes in their mind, rather than on actual evidence.

Availability Bias

A cognitive bias where individuals overestimate the importance of information that is readily available to them.

Adjustment Bias

A cognitive bias that affects the decision-making process, leading individuals to make decisions based on adjustments from a reference point.

Lack-of-participation Error

Describes a situation where the absence of employee involvement in decision-making leads to decreased morale, motivation, and potentially suboptimal outcomes.