Scale Economies Are Efficiencies That Result from Flattening the Hierarchy

question 85

True/False

Scale economies are efficiencies that result from flattening the hierarchy of an organization.

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Definitions:

Conformists

Individuals who comply with group norms or standards.

Base Rate Fallacy

The tendency to ignore or underuse base rate information and instead to be influenced by the distinctive features of the case being judged

Representativeness Heuristic

A cognitive shortcut where an individual assesses the probability of an event based on how similar it is to the typical case.

Fundamental Attribution Error

The tendency to overemphasize personal traits and underemphasize situational factors when explaining others' behavior.