What is anchoring bias - Study guides, Class notes & Summaries

In preparation for new antimicrobial stewardship regulatory requirements, a hospital is creating an antimicrobial stewardship committee. What should be the first step in supporting this new patient safety initiative? A. Reach out to subject matter experts to gain insight on different compliance issues. B. Work with information technology (IT) to build antibiotic indication and time-out screens. C. Partner with key stakeholders to perform a gap analysis of current state to ideal state. D. Rev...

Briefly describe the five key traits in the Big Five personality model. Openness - how comfortable to experience new things Extraversion - how comfortable to move with others Conscientiousness - how dependable and responsible Agreeableness - how easy to come to a resolution Neuroticism - Typically emotional people Describe conscientiousness and explain how it can predict behavior at work. It describes how dependable someone at work. Discuss John Holland's personality-jo...

Which need is the primary influence on the demand for financial information? - The need for user groups to make decisions regarding resource allocation Which organization is responsible for the oversight, financing, and administration of all accounting standard setting organizations in the US? - Financial Accounting Foundation (FAF) Three organizations that set financial accounting standards for US companies? - Committee on Accounting Procedures (CAP), Accounting Principles Board (APB), an...

What is true regarding the rational decision-making model? It assumes that an individual is able to identify all relevant options in an unbiased manner Define Bounded Rationality It involves constructing simplified models without capturing all their complexity What is an unconscious decision making process created from distilled experience? Intuitive Decision Making Model The tendency to seek out information that reaffirms past choices and to discount information that contradicts past ju...

Ability An individual's capacity to perform the various tasks in a job., Accommodating The willingness of one party in a conflict to place the opponent's interests above his or her own. action research A change process based on systematic collection of data and then selection of a change action based on what the analyzed data indicate. Affect A broad range of feelings that people experience. affect intensity Individual differences in the strength with which ind...

Example of a strong faultline correct answers In a railway company, all construction workers are Latinos and all managers are Caucasian males. social loafing correct answers the tendency for people in a group to exert less effort when pooling their efforts toward attaining a common goal than when individually accountable Social Identification Theory correct answers in groups and out groups, person's sense of who they are based on their group membership anchoring bias correct answers a ...

WPC 300 Exam 1 || With Questions & 100% Correct Solutions WPC 300 Exam 1 || With Questions & 100% Correct Solutions Anchoring bias - ANSWER - Over-reliant on the first piece of information is called Gamblers' fallacy is ____________. - ANSWER - a clustering illusion Which of the following is an example of secondary data? - ANSWER - Firm's proprietary data In an agile approach of analytics what is the first step of the process? - ANSWER - perform business discovery Predictiv...

OAM 330 Exam Study Guide. DECISION MAKING - answer• Refers to selecting choices among alternative courses of action ▪ Also includes inaction • Decisions are a component of any job • Decisions are not just made at the top but by every employee that is part of an organization DECISION MAKING MODELS - answer• Rational Decision Making Model • Intuitive Decision Making Model • Bounded Rationality Model RATIONAL DECISION MAKING - answerAdvantages ▪ Establishes clear criteria ...

personal and social exps and help us process and organize info a) prototypes b) schemas c) scripts - correct answer schemas _______provide knowledge about the appropriate sequence of behavs in specific social situations a) prototypes b) schemas c) scripts - correct answer scripts The impact of the social context on impression formation was studied by Rosenhan-what did he find? - correct answer 8 pseudopatients admitted themselves to an inpatient ward. Although they acted normally, al...

Anchoring bias - ANSWER Over-reliant on the first piece of information is called Gamblers' fallacy is ____________. - ANSWER a clustering illusion Which of the following is an example of secondary data? - ANSWER Firm's proprietary data In an agile approach of analytics what is the first step of the process? - ANSWER perform business discovery Predictive analytics may be applied to __________, which is a set of techniques that use descriptive data and forecasts to identify the decis...