For Managers to Recognize an Opportunity They Must Have a System

question 46

Multiple Choice

For managers to recognize an opportunity they must have a system for monitoring opportunities sometimes referred to as:

• A)monitoring access systems
• B)opportunity identification
• C)internal reporting analysis systems
• D)environmental opportunity analysis
• E)diagnosing opportunities

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Definitions:

Hindsight Bias

The inclination to see events that have already occurred as being more predictable than they were before they took place.

Interference

A cognitive process where previously learned information hinders the ability to learn new information or the retrieval of information due to the non-helpful interaction between different pieces of information.

Proactive Interference

The phenomenon where older memories interfere with the recall of newer memories, often causing confusion or mix-ups.

Retroactive Interference

The phenomenon where new memories impair the retrieval of older memories.