Nigel Often Cites Newspaper Editorials Favoring the Presidential Candidate He

question 197

Multiple Choice

Nigel often cites newspaper editorials favoring the presidential candidate he supports; he appears to ignore editorials critical of the candidate. Nigel appears prone to:

• A)functional fixedness
• B)the sleeper effect
• C)the confirmation bias
• D)the representativeness heuristic

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Definitions:

JIT Partnerships

Collaborative relationships between suppliers and companies to ensure just-in-time delivery of inventory, reducing waste and improving efficiency.

Small Lot Sizes

The production strategy that involves manufacturing smaller quantities of items to reduce inventory levels and respond quickly to customer demands.

Diversification

Diversification is a risk management strategy that involves spreading investments across various financial instruments, industries, or other categories to minimize risk.

JIT Systems

Systems based on the just-in-time principle that focus on continuous improvement by eliminating waste and only producing what is needed, when it is needed.