Question 8 In the decision-making process, what role can anchoring play? O Ancha

Question

Question 8 In the decision-making process, what role can anchoring play? O Ancharing is the process whereby all stakeholders are asked to sign on to an action plan in order to achieve a unity of vision. 5 pts O Anchoring describes an organizational model where, in a project management context. one specific team is tasked with being the organizational Thome for a particular project, thus ensuring accountability O Anchoring is a decision-making flaw which occurs when an individual locks on to the first solution that seems right, even if all the facts don't fit. O Anchoring explicitly Inks an action plane to the hard data spreadsheets, surveys, web analvtics - that have been marshaled to support that plan

Explanation / Answer

Answer c. Anchoring effect is one which influences the decision making capability of an individual, by providing an initial level of data.

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