Answer: Ambiguity aversion
Explanation:
In economics and decision theory in general, ambiguity aversion refers to the preference for known risks over unknown risks. This means that in a scenario in which there´s an option in which probable outcomes are unknown, people would rather choose an option in which probable outcomes are known.
No to be confused with risk aversion, which only applies to situations where each probable outcome can be established.
Answer:
esteem needs
Explanation:
According to Maslow there are five categories of our needs
Physiological needs
Safety needs
Love and belongingness needs
Esteem needs
Self-actualization needs
Esteem needs are the needs that are fueled by our ego or our social status. The needs are dictated by the desire to be recognized, respected and be considered important by others. If a person has high self esteem then they will have have self respect and if the person has low self esteem then the desire to be accepted by others would be high.
Here, Mark's activities give him a sense of contribution or value. He is constantly trying to prove himself to others and himself hence, Mark is driven by self esteem needs.
Answer:
the phenomenon in which a person with expertise or status in one area is given deference in all areas
Explanation:
Halo effect is a cognitive bias in which overall impression of any person is formed based on perception of any one attribute of the person.
It is the tendency of evaluating someone based on relating correlating one attribute to another.
Example can be when one is well dressed and posses calm demeanor. It is often seen that people judge him as well educated and with moral values. Thus well dressed mannerism has caused judgmental biasing that he is well educated as well.
Option A says that a person with expertise or status in one area is respected in other areas thus his expertise in specific area is causing halo effect to earn him deference in other areas as well. Thus Option A is correct answer.
Answer: with trust, people will be able to carry out their social responsibilities without questioning or indifference feeling.
Explanation: for a government to succeed, the trust of the people is needed, to regain this trust, government must make effort towards fulfilling all there promises, and must be able to provide for the public basic amenities.
Answer:
partnerships
Explanation:
The main difference between partnerships and joint venture is that partnerships is formed by several individual owners and joint venture is formed by several business entities.
But, when dispute arises both joint venture and partnerships can be seen as two or more different sides whose interest are conflicting with one another. Because of this, the court most likely applying the same principles between the two.
