Answer:
representativeness bias
Explanation:
Representativeness bias -
It is also known as representativeness heuristic .
Heuristics refers to the use of some mental shortcuts during the process of judging or decision making .
The term representativeness heuristic was first given in the year 1970 , by psychologists Daniel Kahneman and Amos Tversky .
The use of heuristic for making any judgement by the use of comparison , is referred to as representativeness heuristic .
The process involves comparison with some predefined object or situation , with the new object or scenario , makes the process of understanding much more easier .
Hence , from the given information of the question ,
The correct term is representativeness heuristic .
Answer:
The correct answer is letter "C": the invisible hand.
Explanation:
In Economics, the term "invisible hand" refers to the belief that markets are created according to the demands and needs of individuals who take advantage of opportunities without the need for the intervention of other parties like a government. The term was coined by Scottish Enlightenment thinker Adam Smith (1723-1790) in his book "<em>An Inquiry into the Nature and Causes of the Wealth of Nations</em>" (1776).
Answer:
a. the assigned sales potential to each person is 210
d. the total minimum over/above potential is 20
Explanation:
took it out from Spreadsheet Modeling and Decisions Analysis. hope this helps.
In business, it is important to establish your credibility from your first day on the job.
Gaining a reputation enables you to speak more persuasively and with greater ease. Work results and financial success are significantly impacted by the degree of trust in working relationships.
<h3>Why is it important to gain credibility?</h3>
Employee mistrust and disengagement are caused by ineffective leadership, which affects the organization's revenue as well as its reputation. According to studies, a leader's trustworthiness affects employee engagement, which in turn affects the performance and productivity of the firm.
your well-deserved reputation as a reliable person who does their work well cares about the people they work with and for, upholds high moral standards and values both personally and professionally, and keeps their word. The extent to which others trust or believe in you is referred to as credibility.
Learn more about credibility here:
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