Examlex
Higher-tolerance part means that there is greater variation in the dimensions among several examples of the same part.
Satisficing
A decision-making strategy that aims for a satisfactory or adequate result, rather than the optimal solution, due to limitations in time, information, or resources.
Absenteeism
Absenteeism refers to the habitual non-presence of an employee at their job without a valid reason, often affecting productivity and morale.
Anchoring Effect
The inadequate adjustment of subsequent estimates from an initial estimate that serves as an anchor.
Anchoring Effect
A cognitive bias where an individual relies too heavily on an initial piece of information (anchor) when making decisions.
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