Omar Has Noticed That a Chronic Problem Facing the Work

question 69

Multiple Choice

Omar has noticed that a chronic problem facing the work team he is on is the is pressure to conform; when the team is discussing a situation,it seems there is pressure to move quickly to agreeing on a decision,which means that the group does not usually adequately consider other alternatives that are less popular and less well known.This phenomenon is known as

• A)groupshift.
• B)perceptual bias.
• C)randomness error.
• D)availability bias.
• E)groupthink.

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Definitions:

Revenue

The total amount of money received by a company for goods sold or services provided during a certain time period.

Type II Error

A statistical mistake of failing to reject a false null hypothesis; also known as a false negative.

Expected Decision Error Costs

The anticipated costs associated with making incorrect decisions, often used in risk assessment and decision-making processes.

Unsold Merchandise

Items that have not been sold during a specific period, often leading to overstock and potential losses for businesses.