When Scanning for Important Trends, a Manager's Perceptions Color the Information

question 37

True/False

When scanning for important trends, a manager's perceptions color the information that is absorbed and processed.

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Definitions:

Enforceable Promise

A commitment in a contract that is legally binding and can be upheld in court.

Substituted Contract

An agreement made to replace a prior contract, which was agreed upon by all original parties and extinguishes the obligations of the first agreement.

Legal Detriment

A loss or disadvantage suffered by a party who acts or refrains from acting in a legal transaction.

Pre-existing Moral Obligation

A duty that arises from moral considerations or societal expectations rather than a legal contract.