Answer:
Group think bias
Explanation:
Groupthink bias occurs when people believe in something because other people believe in it. It is when everyone comes to the same conclusion concerning a matter.
In the meeting everyone agreed with the CEO, this is an instance of groupthink.
Anchoring bias is when a person's decision is overly anchored on an initial information given when making a decision.
Confirmation bias is when a person arrives at a conclusion in line with their beliefs.
Availability bias is basing decisions on past instances that comes to mind when making the decision.
Hindsight bias occurs when people over estimate their abilities to predict how an event would have turned out in hindsight.
Answer:
sensory adaptation
Explanation:
As when you enter a new area basically there is change of environment and the senses activate and if there will be a slight change also in the smell, and quality of air that will be noticed by the body.
After certain time is spent even in the changed environment the body starts accepting such change and accordingly after few minutes even though the smell was recognizable earlier will have no effect now.
This is called sensory adaption, that is with some time the senses adapt such change.
Answer:
Price Skimming
Explanation:
Prairie Herb Vinegar is new to the market and using a price skimming strategy. This is where the product is sold at the highest price a certain customer base will be willing to purchase the product at. This also creates a scenario where a perception of quality is created. As the company attempts to attract more customers they will lower the price of the product hopefully expanding their existing customer base.
Answer:
d. Assessment of goal attainment
Explanation:
In cases where an alliance occurs between a parent firm and a subsidiary, the parent firm subjectively measures performance by assessing the extent to which the alliance has contributed to achieving the organization's goals.
Answer:
3 years
Explanation:
The cash payback period measures how long it takes for the amount invested in a project to be recouped from cumulative cash flows.
Explanations on how the payback period is calculated can be found in the attached image.
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