In the energy sector, a company evaluates the risk of a critical supply disruption that occurs with a probability of 0.05. If a disruption occurs, there is a 40% chance it can be resolved within 24 hours (minor impact) and a 60% chance it will take up to a week to resolve (major impact). Assuming the costs are $1,000 per day for minor impacts and $10,000 per day for major impacts, what is the expected cost of a disruption event?

Define with your own words the ethical concern regarding deception and briefly explain why this is important.

Define with your words social psychology and briefly describe an example of related research.

You cannot spy on people for your research. This is the ethical principle of

Define with your own words self-efficacy and briefly explain how it impacts somebody’s behavior.

Dina plays a video game. Define cognition and apply it to this example.

Observation studies have the advantage that they

Imagine an athlete from an individualist culture wins a competition. Describe how a person from that culture would explain that success.

Define with your own words survey studies and briefly describe an advantage of this type of research study.

Masako Owada was an embassator of Japan abroad before getting married to the Emporer of Japan. Describe how a person from a Collectivist culture would interpret that move.