A Fishbone Chart Is Also Known as A

question 27

Multiple Choice

A fishbone chart is also known as a:

• A)cause-and-effect diagram.
• B)poka-yoke diagram.
• C)Kaizen diagram.
• D)Kanban diagram.
• E)Taguchi diagram.

Understand the concept of "bounded rationality" and its significance in behavioral economics.

Examine the role of external factors, such as store layout and advertisement, on consumer behavior from a behavioral economics perspective.

Analyze the implications of behavioral economics on public policy and market strategies.

Understand the concept of utility maximization in neoclassical economics and how behavioral economics challenges it.

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Definitions:

Human Nature

The inherent characteristics, feelings, and behavioral traits shared by all humans.

Libido

A term used in psychoanalytic theory to denote the energy of the sexual drive.

Neurosis

Describes a class of functional mental disorders involving chronic distress but neither delusions nor hallucinations, making it difficult to cope with life.

Hypnosis

A trance-like state of focused attention and increased suggestibility, often used for therapeutic purposes.