Our Tendency to Prove or Validate Beliefs That We Already

question 486

Multiple Choice

Our tendency to prove or validate beliefs that we already hold instead of looking for evidence to disprove our assumptions is called

• A)confirmation bias
• B)mental set
• C)convergent thinking
• D)belief bias

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Definitions:

Facility Expenses

Costs associated with the physical space a business uses, including rent, utilities, and maintenance.

Tenant-Days

A metric used in the property management industry, representing the total number of days all tenants occupy a space.

Flexible Budget

A financial strategy that evolves in line with shifts in activity intensity or operational volume.

Budgeting Formulas

Mathematical expressions or algorithms used to calculate various components of a budget, such as expenses, revenues, or profits.