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This topic centres around the concept of biases and decision making. There are several types of biases, some of which we probably don't even realize we may be a part of. In business, this can be an issue for managers and leaders in the workplace, not only as it relates to their own potential biases, but also of their employees.
Confirmation Bias is one of the most common biases out there today. It often shapes our political views (if your parents supported a party you may support it as well) and look for reasons why. If you live in the US and you believe guns are bad, you look for stories that support your belief (same if you feel everyone should own a gun). If you believe that women are worse drivers than men (or vice versa) you look for stories and articles that support your belief. If you live in Canada and you believe we should have more than 2 official languages (French and English) or just one, you look for information that supports your belief.
Discuss how you think confirmation bias may impact decisions in the workplace and how leaders might work to overcome these biases.
Peter has $30,000 to invest in a mutual fund whose annual returns are normally distributed with a mean of 4.81% and standard deviation of 4.48%.
How might a Chinese economic slowdown affect the economy of England? Cite any sources used.
Vice Media-a multimedia conglomerate-built its organizational culture around some features that were attractive to its young employees.
What is the probability that your ACL surgery at a high-volume hospital is completed in less than 100 minutes?
We have noted throughout this chapter, and the course overall, that honesty is generally the best policy in managing OB. But that doesn't mean honest dealing
Write a packet filtering rule that will block the hosts in 131.204.0.0/16, i.e., the internal network, with the exception of mail server 131.204.128.3, from delivering the mail to outside mail servers.
Explain the concept of "framing" as it relates to life crucibles. what consistencies did you discover while reading about successful leaders and reflecting
Discuss the most related theories to support the above statement.
a) What does the common law concept of "unconscionable" conduct mean and how has it been introduced into statute relating to financial services?
Explain the four steps to designing a temporary team. If you were a team leader, how would you effectively implement these steps? Using a hypothetical situation from a current news story, explain each step and its importance.
In determining what would be an appropriate unit for bargaining, identify at least five (5) factors that the NLRB should consider in determining what employee classifications would be appropriate for inclusion in a bargaining unit?
Calculate the MC of producing an additional engine. Calculate the MC of producing an additional cycle. Find the firm's profit maximizing quantity and price.
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