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In economics a trade-off is expressed in terms of the opportunity cost of a particular choice, which is the loss of the most preferred alternative given up. [2] A tradeoff, then, involves a sacrifice that must be made to obtain a certain product, service, or experience, rather than others that could be made or obtained using the same required resources.
Engineering psychology is concerned with the adaptation of the equipment and environment to people, based upon their psychological capacities and limitations with the objective of improving overall system performance, involving human and machine elements [1] Engineering psychologists strive to match equipment requirements with the capabilities ...
[6] [7] [8] Quizlet's blog, written mostly by Andrew in the earlier days of the company, claims it had reached 50,000 registered users in 252 days online. [9] In the following two years, Quizlet reached its 1,000,000th registered user. [10] Until 2011, Quizlet shared staff and financial resources with the Collectors Weekly website. [11]
The industrial psychology division of the former American Association of Applied Psychology became a division within APA, becoming Division 14 of APA. It was initially called the Industrial and Business Psychology Division. [40] In 1962, the name was changed to the Industrial Psychology Division.
Similarly to the field of psychology, there is some doubt whether there is a unified cognitive science, which have led some researchers to prefer 'cognitive sciences' in plural. [ 25 ] [ 26 ] Many, but not all, who consider themselves cognitive scientists hold a functionalist view of the mind—the view that mental states and processes should ...
Cognitive ergonomics (sometimes known as cognitive engineering though this was an earlier field) is an emerging branch of ergonomics. It places particular emphasis on the analysis of cognitive processes required of operators in modern industries and similar milieus.
As Keynes pointed out, saving involves not spending all of one's income on current goods or services, while investment refers to spending on a specific type of goods, i.e., capital goods. Austrian School economist Eugen Boehm von Bawerk maintained that capital intensity was measured by the roundaboutness of production processes.
Euphemistic labelling is also common in organisations, such as when managers refer to layoffs as “rightsizing.” Also, with victims out of sight, globalization makes it easier to ignore or distort the harmful consequences of business actions. Thus, moral disengagement seems highly relevant to understanding unethical behaviour in 21st century ...