Attributional Biases Implies That Managers Must

question 119

Multiple Choice

Attributional biases implies that managers must:

• A)always be correct in their perceptions
• B)be very wary of the cognitive process in decision making
• C)know as much as possible about individual differences and determine the cause of behavior and perceived source of responsibility
• D)take into account the fundamental tendency for people to make external attributions for their behavior

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Definitions:

Inflation Target

Commitment of central bankers to keep inflation below a certain rate for the next year or two.

Federal Reserve

The central banking system of the United States, responsible for setting monetary policy, regulating banks, maintaining financial stability, and providing financial services.

Swiss National Bank

The central bank of Switzerland, responsible for the country's monetary policy and issuing its currency.

Implementing Instantaneously

The action of putting into effect or executing a plan or process without any delay.