What Are the First Few Minutes of Communication Referred to As

question 17

Multiple Choice

What are the first few minutes of communication referred to as?

• A) meet-n-greet
• B) breaking the ice
• C) first impression
• D) thin slices

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Definitions:

Anchoring Effect

A cognitive bias where an individual depends too heavily on an initial piece of information (the "anchor") when making decisions.

Endowment Effect

A psychological inclination to value possessions more highly solely due to personal ownership.

Endowment Effect

A mental occurrence in which individuals attribute increased worth to objects simply because they possess them.

Losses

Negative financial results stemming from expenses exceeding revenues or from decreases in asset values.