If Two Companies Have the Same Amount of Sales, Why

question 57

Multiple Choice

If two companies have the same amount of sales, why could one company still have more inventory than the other company?

• A) The company with the larger inventory sells its inventory faster.
• B) They are using different inventory systems.
• C) The company with the larger inventory takes longer to sell its inventory.
• D) The company with the smaller inventory uses better discounts.

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Definitions:

Explicit Bias

Refers to the attitudes and beliefs we have about a person or group on a conscious level.

Ingroup Bias

The tendency to favor and extend loyalty to members of one's own group over those of other groups.

Ingroup Bias

The tendency for people to give preferential treatment to others they perceive to be members of their own groups.

Just-world Phenomenon

The cognitive bias to believe that the world is inherently fair and that all individuals get what they deserve, leading to rationalizations of injustice.