Many Small or Incremental Decisions Are Made During the Procurement

question 18

True/False

Many small or incremental decisions are made during the procurement process that ultimately translate into the final selection of a supplier.

Understand the concept of confirmation bias and how it influences decision-making.

Recognize the advantages of group decision-making over individual decision-making.

Identify and explain the phenomenon of decision fatigue and its consequences.

Describe group polarization and its effects on group decisions.

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Definitions:

Organizing Principle

A core concept or ideology that forms the basis of a system, guiding its structure and operation.

Social Relations

Interactions between individuals and groups within a society, encompassing a wide range of social connections and dynamics.

Transsexuals

Individuals who have undergone medical procedures to change their physical sex to match their gender identity.

Glass Ceiling

The glass ceiling is an invisible barrier that prevents marginalized or underrepresented groups, particularly women, from rising beyond a certain level in a hierarchy, especially in employment contexts.