Reggie Is a Green Party Supporter

question 112

Multiple Choice

Reggie is a Green Party supporter. He goes out of his way to read articles about the achievements of the Green Party, but doesn't pay any attention to articles that are critical of the party and its candidates. Reggie is exhibiting:

• A) confirmation bias.
• B) a mental set.
• C) hindsight bias.
• D) the framing effect.

---

Definitions:

Cost-Plus Pricing

A technique for pricing where a distinct markup is added to the unit cost of a product to establish its selling price.

Linear Programming

A mathematical method used to determine the best possible outcome or solution from a given set of parameters or constraints, usually applied in maximizing or minimizing a linear function.

Material Charges Formula

A calculation used to determine the direct costs associated with the materials used in the production of goods or services.

Pricing Decisions

Refers to the process of setting the price for a product or service, considering factors like cost, competition, and customer demand.