Explain What "Thin-Slicing" Is, and Describe the Findings of Ambady

question 82

Essay

Explain what "thin-slicing" is, and describe the findings of Ambady and Gladwell regarding this use of intuition, including the role of the cognitive unconscious and the limitations of "thin-slicing."

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Definitions:

Combined Turnover

A measure of a company’s ability to use its assets and liabilities effectively to generate sales, combining inventory turnover with accounts receivable turnover.

Fixed Expenses

Expenses that remain constant regardless of the amount of production or business operations, like lease payments or wages.

Return On Investment (ROI)

A financial metric used to evaluate the efficiency or profitability of an investment, calculated as the return relative to the investment's cost.

Return On Investment (ROI)

A financial metric used to evaluate the efficiency of an investment or to compare the efficiencies of several different investments, calculated by dividing net profit by the cost of investment.