Which of the Following Is an Example of the Unit

question 53

Multiple Choice

Which of the following is an example of the unit bias?

• A) buying a second bottle of soda because the store has a "buy one, get one free" sale
• B) adding more sugar to a cup of coffee because it is bitter
• C) asking for a second helping of pasta
• D) eating more chips in one sitting from a "jumbo" bag than a regular size bag

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Definitions:

Mutual Funds

Investment vehicles comprising pooled funds of investors that are managed by professionals, investing across a range of asset classes for diversification.

Money Market Securities

Short-term financial instruments with high liquidity and minimal risk, such as Treasury bills and certificates of deposit.

Total Assets

The sum of all current and non-current assets owned by a company, reflecting its overall value.

Open-End Funds

Mutual funds that continuously issue new shares or redeem existing shares and do not have a fixed number of shares available for the public.