A $100 Coat Marked Down from $150 Can Seem Like

question 212

Multiple Choice

A $100 coat marked down from $150 can seem like a better deal than the same coat priced regularly at $100.This best illustrates the importance of

• A) belief perseverance.
• B) confirmation bias.
• C) framing.
• D) the availability heuristic.

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Definitions:

Intellectual Ability

The capacity of individuals to engage in complex cognitive processes, such as problem solving, abstract thinking, and learning from experience.

Trait Approach

A theory of leadership that assumes leaders are born with certain traits or characteristics that predispose them to be leaders.

Leadership Potential

The capacity or ability that an individual has to become a successful leader, often identified through traits, skills, and situational adaptability.

Trait Information

Information or data that pertains to specific characteristics, attributes, or aspects of an individual's personality that are stable over time and across situations, often used in the context of assessing leadership potential.