Decision-Making Biases (Scenario) Frank Is President of Mega Manufacturing, a Canadian Company That

question 73

Multiple Choice

Decision-making Biases (Scenario)
Frank is president of Mega Manufacturing, a Canadian company that makes automobile parts. Sales and profits are down sharply this quarter, and Frank needs to analyze the series of events that have led to the poor performance. Frank begins by reviewing his recent interactions with Mike, the vice-president of sales.
-Mike advised Frank that he would be taking his newest sales executive,Eric,along on the trip to the Japanese auto maker's headquarters in Tokyo.When Frank asked how Eric was hired,Mike said,"Eric went to the same university as me,so I knew he had to be good!" Mike's comment demonstrates which of the following?

• A)selective perception bias
• B)framing bias
• C)self-serving bias
• D)confirmation bias

Identify the standard concentration of insulin medications and the importance of unit clarity in medication orders.

Understand the pharmacological aspects and implications of insulin dosing errors.

Understand the components and purpose of the AIDA model in persuasive messaging.

Identify effective strategies for developing persuasive messages.

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Definitions:

Illegal Penalty

A punishment or consequence for an action that is not legally authorized or that exceeds the bounds set by legal statutes.

Power of Avoidance

The legal ability to declare a contract null and avoid its obligations due to reasons such as fraud, misrepresentation, or other substantive grounds.

Contractual Capacity

The lawful capacity of an individual to engage in a contract that is enforceable.

Disaffirmed

The legal act of declaring a contract or agreement void and nullifying its effects, often in the context of contracts entered into by minors.