According to Tversky and Kahneman (1974),when an Initial Intuitive Assessment

question 60

Multiple Choice

According to Tversky and Kahneman (1974) ,when an initial intuitive assessment of a situation is not modified or overridden by a more deliberative analysis,

• A) the intuitive system always produces inaccurate judgments.
• B) important factors may be ignored and our judgments may be systematically biased.
• C) more efficient and accurate information processing occurs.
• D) the rational system takes over to produce accurate judgments.

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Definitions:

Adverse Social Impacts

Negative effects on society that may result from certain actions or policies, such as increased inequality or damage to community cohesion.

Discretionary Responsibilities

Obligations that an individual or organization chooses to undertake voluntarily, beyond what is legally or contractually required.

Demand Legitimacy

The validity and legitimacy of a stakeholder’s interest in the organization.

Stakeholder's Concerns

The issues or interests that stakeholders (individuals or groups affected by or with an interest in a company's operations) have in the actions and performance of an organization.