Performance Appraisal Is the Process of Formally Assessing Someone's Work

question 245

True/False

Performance appraisal is the process of formally assessing someone's work accomplishments and providing feedback.

Identify different consumer concerns and risks when making purchase decisions.

Understand the influence of personal and environmental factors on consumer attitudes and purchase behavior.

Appreciate how cultural and social influences affect consumer decisions and behaviors.

Understand various methods and theories of socialization.

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Definitions:

Availability Bias

A cognitive bias where people overestimate the importance of information that is readily available to them.

Confirmation Error

A cognitive bias where individuals favor information that confirms their existing beliefs or hypotheses.

Representativeness Bias

A cognitive bias where individuals incorrectly assess the likelihood of an event based on how closely it resembles their stereotypes of a category.

Lack-of-participation Error

A common mistake in decision-making processes, where not all relevant parties are involved, leading to suboptimal outcomes.