Having a Teacher You Came to Appreciate Only After Classes

question 334

Multiple Choice

Having a teacher you came to appreciate only after classes were well under way, or only after the course was over, demonstrates that

• A)"thin-slicing" can sometimes form the basis for more carefully reasoned judgments.
• B)intuition is an important and reliable vehicle for making rational decisions.
• C)a self-fulfilling prophecy has occurred.
• D)first impressions are not always right.

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Definitions:

Cost Leadership

A business strategy focused on achieving the lowest operational costs within an industry to offer lower prices than competitors.

Global Integration

The process by which a company combines different global activities so the different parts of the corporation use the same methods.

Per-Unit Costs

The average cost associated with producing or acquiring a single unit of a product or service.

Centralizing Production

The process of consolidating production activities and operations into a single or fewer locations to improve efficiency and control.