In what way do small talk and gossip represent the use of simplifying assumptions?
Concept Introduction:
Assumption: A thing that is accepted as true or as certain to happen, without proof. An assumption is something that you assume to be the case, even without proof. For example, people might make the assumption that you're a nerd if you wear glasses, even though that's not true.
An assumption is a statement that is presumed to be true without concrete evidence to support it. In the business world, assumptions are used in a wide variety of situations to enable companies to plan and make decisions in the face of uncertainty. Perhaps the most common use of assumptions is in the accounting function, which uses assumptions to facilitate financial measurement,
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