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Finn will soon take the GRE. He is a straight-A student at Yale and has received a great deal of support from his family, professors, and friends, as he approaches the date to take the exam. After receiving his score, Finn realized that he actually scored much higher than he had expected. This example illustrates the phenomenon known as _____, which is the awareness that positive expectations can actually improve performance on tasks.
Contingency Planning
The process of preparing for unexpected events by developing strategies to mitigate their potential impact on operations.
Future States
Future States refer to the potential conditions or scenarios that an organization, system, or individual could experience in the future, considering various planning and strategy approaches.
Zero-based Budget
A budgeting technique where all expenses must be justified for each new period, starting from a "zero base," rather than basing budgets on the previous year's expenditures.
Fixed Amount
A specific, unchanging quantity of money, goods, or services.
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