The Rule of Thumb That Refers to a General Judgement

question 36

Multiple Choice

The rule of thumb that refers to a general judgement process in which an initially generated or given response serves as an anchor and other information is used to adjust that response is:

• A)Representativeness
• B)Anchoring and adjustment
• C)Availability anchoring and adjustment
• D)User friendliness

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Definitions:

Empowerment

The process of giving power, authority, and confidence to employees, enabling them to take initiative and make decisions.

Stakeholders

Individuals or groups that have an interest in any decision or activity of an organization, including employees, customers, suppliers, and shareholders.

Community Involvement

Engagement of a company or its employees in activities and projects that benefit the society or environment in their local community.

Voluntary Labor

Work undertaken by choice or without financial compensation; often in the context of volunteerism or unpaid internships.