Conrad Is the Manager of a Large Retail Store

question 101

Multiple Choice

Conrad is the manager of a large retail store.He has the authority to appoint employees in the store.The store does not have a specialized human resource executive and Conrad himself conducts selection interviews.He has not received any training on selection and recruitment.This often leads to selection errors.Conrad interviews people mainly to analyze if they have ability to address the latest problem that the store is facing.Identify the bias facing Conrad in this case.

• A)Anchoring
• B)Representativeness
• C)Framing
• D)Contrast
• E)Recency

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Definitions:

Profitability

A measure of the efficiency with which a company or a business utilizes its resources to generate profits.

Production Set

A set of all possible combinations of inputs and outputs that a firm can produce taking into account its technology.

Firm

An organization or business entity involved in commercial, industrial, or professional activities, aiming to generate profit.

Products

Goods or services that are created through a process of production and can be offered in a market to satisfy a need or want.