Which of the Following Is an Example of Faulty Hindsight

question 130

Multiple Choice

Which of the following is an example of faulty hindsight?

• A)Alan erroneously predicted that his superiors would favour the reorganization plan.
• B)The small business owner could never forget how she had been let down by a particular supplier.
• C)The small business owner who had been let down by a supplier gave the supplier another large order.
• D)Suki decided to spend more money upgrading her old computer instead of buying a new one.
• E)When it became clear that the investment was a poor one, Pierre realized that he had known it was bad all along.

---

Definitions:

All You Can Eat

A service model where diners pay a set fee to consume as much food as they desire from a specific selection.

Consumption

The use of goods and services by households.

Additional Item

A supplementary product or service added to an existing order or purchase.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits one misses out on when choosing one option over another.