All of the Following Are Components in the Tracking Step

question 99

Multiple Choice

All of the following are components in the tracking step in the DATA process EXCEPT:

• A) develop transaction data.
• B) create activity timelines.
• C) measure transaction precursors.
• D) establish baseline comparisons.
• E) identify the investments required for specific activities.

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Definitions:

Rules Of Thumb

Simple, practical guidelines or principles derived from experience and used to make decisions or solve problems quickly.

Randomness Error

The tendency for people to believe they can predict the outcome of chance events based on false information or superstition.

Projection Bias

The inclination to believe other people think, feel, and act the same way we do.

Satisficing

A decision-making strategy that aims for a satisfactory or adequate solution, rather than the optimal one.