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Exhibit 11-1 For the following question(s) , consider the graphic below: Refer to Exhibit 11-1. The transition from Phase I to Phase III is called
Representativeness heuristic
A cognitive shortcut used when making judgments about the probability of an event under uncertainty, based on how similar it is to a typical case.
Team leader
A person appointed or recognized within a group who guides, inspires, and coordinates the efforts towards achieving team objectives.
Accessibility heuristic
A cognitive shortcut that relies on immediate examples that come to a person's mind when evaluating a specific topic, concept, method, or decision.
Decision method
Refers to the systematic process or technique used to make choices or solve problems.
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