When Managers Predict That Sales for Next Year Will Be

question 17

Multiple Choice

When managers predict that sales for next year will be the same as last year,despite a weakening economy,they are

• A)using framing.
• B)using regression to the mean.
• C)using confirmation bias.
• D)ignoring the base rate.
• E)escalating commitment.

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Definitions:

Apical Meristem

Meristem in the tip of a shoot or root; gives rise to primary growth (lengthening) in plants.

Lateral Meristem

Vascular cambium or cork cambium; cylindrical sheet of meristem that runs lengthwise through a plant’s shoots and roots; gives rise to secondary growth (thickening).

Primary

This indicates the first or highest in rank or importance, often used to describe basic or initial levels of education, stages of disease, or processing.

Mesophyll

The internal tissue of a leaf, containing cells with chloroplasts where photosynthesis occurs.