In the Face of a Slowdown in the Economy, Many

question 41

True/False

In the face of a slowdown in the economy, many organizations are cancelling video teleconferencing meetings and replacing them with business travel in order to save on costs.

Understand satisficing behavior and its implications on decision-making.

Recognize the influence of human behavior, such as inertia and inconsistency over time, on economic decisions.

Understand the concept of rationality in economic behavior.

Recognize the impact of personal biases and systematic mistakes in decision making.

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Definitions:

Interpersonal Trust

The confidence individuals have in the integrity, reliability, and fairness of others.

Organization Development

A domain focused on enhancing individuals' understanding and capabilities to achieve more effective organizational transformation and improved performance.

Tempered Radicals

Individuals who advocate for profound change within an organization but do so in moderate, gradual ways.

Debra Meyerson

A notable scholar in the fields of organizational behavior and change, known for her work on identity, diversity, and inclusion in the workplace.