Jerry Starts His Own Business Even When He Is Advised

question 76

Multiple Choice

Jerry starts his own business even when he is advised by family and friends that it is not a suitable opportunity.His friends feel that the market is uncertain and a new entry at this juncture is inadvisable.Jerry soon realizes that his friends were right and he should have taken their advice.In spite of himself,he is forced to admit that the market situation is such that it would take more than being a good entrepreneur to survive.Which of the following is Jerry experiencing?

• A)exploitation
• B)anchoring
• C)information bias
• D)illusion of control
• E)reactance

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Definitions:

Conservation

The act of preserving, protecting, or restoring the natural environment, natural ecosystems, vegetation, and wildlife.

Concrete Operations

A stage in Piaget's theory of cognitive development where children gain the ability to think logically about concrete events.

Jean Piaget

A Swiss psychologist known for his pioneering work in child development and cognitive theory.

Preoperational Children

A stage in Piaget's theory of cognitive development, typically ages 2 to 7, characterized by symbolic thinking and egocentrism but a lack of logical operations.