Examlex
According to the text, which were the two major challenges U.S. multinational corporations were facing at the close of the 1960s?
Stereotype Threat
The suspicion a member of a group holds that he or she will be judged based on a common stereotype of the group.
Confirmation Bias
The tendency to focus on information relevant to a belief and ignoring or downplaying information that is inconsistent with that belief.
Anchoring and Adjustment
A cognitive bias where individuals rely too heavily on an initial piece of information (the "anchor") when making decisions, with adjustments made too conservatively.
Representativeness
A cognitive heuristic where an individual judges the probability or frequency of an event by how much the event resembles the typical case.
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