A Firm That Has a Lot of "Management Know-How," but Expects

question 286

True/False

A firm that has a lot of "management know-how," but expects production problems in a foreign market, might be wise to use management contracting.

Distinguish between mental set and functional fixedness, and understand how each affects problem-solving.

Explain the role of heuristics, such as the representativeness and availability heuristics, in influencing judgment.

Recognize the influence of cognitive biases, such as confirmation bias and the fallacy of positive instances, on decision-making and judgment.

Understand the impact of language rules, including syntax and displacement, on communication.

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Definitions:

Prelinguistic Communication

Early forms of communication exhibited by infants before they develop the ability to use language.

Cognition

The knowledge, beliefs, thoughts and ideas that people have about themselves and their environment. May also refer to mental processes through which knowledge is acquired, including perception, memory and thinking.

Illocution

The intended significance behind an utterance, such as commanding, questioning, or declaring, which conveys the speaker's intention.

Verbal Output

The production and expression of words, either spoken or written, as a means of communication.