Which of the Following Characteristics Are Referred to as Representativeness

question 27

Multiple Choice

Which of the following characteristics are referred to as representativeness?
I. hesitating to sell stocks at a loss
II. basing conclusions on small samples
III. underestimating the effects of random chance
IV. underestimating the level of risk in an investment

• A) I and IV only
• B) II and III only
• C) I, II and III only
• D) I, II, III and IV only

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Definitions:

Organizational Structure

The system that outlines how certain activities are directed to achieve the goals of an organization, including roles, responsibilities, communication pathways, and hierarchical levels.

Formation of Groups

The process through which individuals come together to form a collective with a common purpose or goal.

Attitudes of Individuals

The settled ways of thinking or feeling about someone or something, typically reflected in a person's behavior.

Intellectual and Physical Work

Tasks that require mental effort and reasoning (intellectual) alongside or in comparison to tasks requiring physical exertion and labor (physical).