The statement "Employee perceptions of how well management in an organization communicates have little bearing on employee morale. " is False
This is further explained below.
<h3>What is
an Employee?</h3>
Generally, A person, business, or organization that hires workers and compensates them for their efforts is known as an employer.
Workers who are compensated monetarily for their efforts are referred to as employees.
In conclusion, It is a fallacy to assert that "employee opinions of how effectively management in a company communicates have minimal influence on staff morale."
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Answer:
The planning fallacy
Explanation:
The planning fallacy concept was first given by Denial Kahneman in 1977.it is the most universal and consistent demonstrated cognitive bias that most people do have. There is common misconception related to the planning fallacy is that people underestimate the time, cost and risk that it will take to do something, If they have already experience about the task entails. It is an overly optimistic plan.
<u>For example:</u> A house can be built on time, if there is no payment delay, no employee absences, no hazardous weather conditions. But there is most probably chances of one condition that can occur.
Underestimate the fallacy will lead a project in delaying. Optimism is a great quality but sometimes it creates hazardous when you underestimate time and cost and will leads to the in-completion of the projects.
Answer: to make wise decisions about economic resources
Explanation:
Economics believe it is important to make wise decisions about scarce resources
That is false because a change in weather or traffic you might need to change speed
