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A Written Supervisory Contract Typically Addresses the Number and Frequency

question 34

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A written supervisory contract typically addresses the number and frequency of supervision sessions,when and how contact will be established,and guidelines for how both supervisor and supervisee should prepare for each session.


Definitions:

Representativeness Bias

The tendency to believe that a small sample is reliably representative of a broad population and therefore to infer patterns too quickly.

Over Reliance

The excessive dependence on a particular element, such as a specific resource, technology, or entity, which can lead to vulnerabilities.

Trading Costs

Expenses associated with the buying and selling of assets in financial markets, including commissions, spreads, and slippage.

Heuristics

Mental shortcuts or rules of thumb that simplify decision-making processes, often used under conditions of uncertainty.

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