Multilevel Marketing Involves Hiring Independent Contractors to Sell Products Within

question 98

True/False

Multilevel marketing involves hiring independent contractors to sell products within personal networks of family and friends.

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Definitions:

Group Polarization

The tendency for a group to make decisions that are more extreme than the initial inclination of its members, often after group discussion.

Groupthink

A psychological phenomenon that occurs within a group of people, where the desire for harmony or conformity results in an irrational decision-making outcome.

Heuristics

Cognitive shortcuts or rules of thumb that simplify decision making, often leading to quick but sometimes inaccurate judgments or predictions.

Decision-making Biases

Systematic errors in thinking that affect the decisions and judgments that people make.