ERP Implementations with a Lot of Customization May Require Extensive

question 80

True/False

ERP implementations with a lot of customization may require extensive maintenance when the system is upgraded.

---

Definitions:

Availability Heuristic

A cognitive bias where people make judgments about the likelihood of an event based on how easily examples come to mind.

Endowment Effect

A cognitive bias where individuals value an owned object higher than a similar object they do not own, often affecting decision-making and market outcomes.

Framing Effects

Framing effects are cognitive biases where an individual's choice is influenced by the way information is presented, rather than just the information itself.

System 1

An automatic, fast, and often unconscious way of thinking, as described in dual-process theories of cognition.