Anchoring Occurs When

question 54

Multiple Choice

Anchoring occurs when:

• A) a trivial factor is used as a starting point for estimations in a decision-making problem.
• B) a difficult factor is incorporated in a problem.
• C) an easy solution is obtained to a difficult problem.
• D) obtaining a solution is trivial.

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Definitions:

Management Structure

The organizational framework that outlines the hierarchy of authority and responsibility within a company.

Organic

Often used to describe farming practices that avoid the use of synthetic fertilizers and pesticides, or organizations and systems that are flexible and adapt to changes naturally.

Mechanistic

Characterizes an organizational structure that is highly bureaucratic, with strict rules, procedures, and a clear hierarchy, focusing on efficiency and predictability.

Flexible

Capable of adapting to changes and new conditions in a thoughtful and efficient manner.