Projection Bias

question 36

Multiple Choice

Projection bias

• A) Is the tendency to evaluate present consequences based upon tastes and needs of the future
• B) Is the tendency to evaluate future consequences based on tastes and needs at the moment of the decision making
• C) Is the tendency to project future states of mind to the present
• D) Can lead people to overestimate their adaptability

Understand how external factors such as technology, the labor force, and legislation affect organizational strategies and HR practices.

Identify key factors that determine the availability of labor in the workforce.

Understand union objectives and the key issues they aim to resolve.

Define demographics and grasp its significance in HR planning and strategy.

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Definitions:

Production Costs

Expenses associated with the manufacture of products, including raw materials, labor, and overhead.

Period Cost

Expenses that are not tied to the production process and are therefore expensed in the period they are incurred, such as selling and administrative expenses.

Direct Material

Raw materials that can be directly traced to the manufacturing of a product and are significant in cost.

Manufacturing Overhead

Consists of all indirect costs associated with the production process, including utilities, depreciation on equipment, and salaries of maintenance staff.