Which of the Following Types of Biases Is Most Likely

question 27

Multiple Choice

Which of the following types of biases is most likely to play a significant role during a negotiation?

• A) impact bias
• B) normalcy bias
• C) distinction bias
• D) anchoring bias
• E) status quo bias

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Definitions:

Minorities

Groups in a population that are smaller in number than the main group and may have different national, religious, linguistic, or cultural origins.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, characterized by high unemployment, deflation, and a fall in consumer spending and investment.

Welfare Payments

Government-provided assistance to individuals and families in need to help cover basic living expenses.

Heritage Of Slavery

The cultural, social, and economic impacts and legacies stemming from the era of slavery in a society, affecting both descendants of enslaved people and broader demographics.