Exam 4: Perception, Decision Making and Creativity

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The process by which individuals select, organize, store and retrieve information is called ____________.

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Accuracy of perception and speed of decision making have a major impact on a firm's____________.

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How can a manager reduce errors in decision making?

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Research shows that people tend to prefer sure outcomes over risky ones. However, this preference is overcome by the loss-aversion bias in negative situations.

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The term "introvert" would be an example of a____________.

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