Examlex
The purchasing manager must have a clear understanding of the role of inventory in the ________ management system.
Hindsight Bias
The tendency to believe, after an event has occurred, that one would have predicted or expected the outcome, often referred to as the "I-knew-it-all-along" effect.
Scapegoat Theory
A social psychology concept suggesting that individuals or groups often blame someone else for their own problems, leading to feelings of prejudice against that person or group.
Just-World Phenomenon
The cognitive bias to believe that the world is fair and people get what they deserve.
Availability Heuristic
A mental shortcut that relies on immediate examples that come to a person’s mind when evaluating a specific topic or decision.
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