Complete the following table. Identify which cognitive bias is represented in each example.
Example The new manager at Danio Fisheries makes several investments on the company’s behalf. Even though he has no experience related to investments, he is sure that he has made a smart move for the company. The audit team Bob, Chris, and Belle, are deciding which sampling methods to use on their current audit. Belle is bossy, and Bob and Chris defer to her choice without fully exploring the options. The manager at Betta Co. needs to determine the useful life for the new equipment used to filter water for the fish tanks. The owner has asked that he research the topic, but he decides to just use the useful life based on the claims made by the salesperson. Cognitive Bias
Identify the difference between oceanic and continental crust composition.
Differentiate between silicate and nonsilicate minerals.
Recognize the structural differences between various carbon bonds and their impact on mineral properties.
Understand electron sharing and loaning in chemical bonding.
Huguenots
French Protestants in the 16th and 17th centuries who faced severe persecution from the Catholic majority, leading many to flee to other countries.
African Slaves
Individuals from Africa who were forcibly taken and transported to various parts of the world, especially the Americas, to work under slavery from the 16th to the 19th century.
Cartier
A French luxury goods conglomerate, primarily known for its jewelry and watches.
Precious Metals
Rare, naturally occurring metallic elements of high economic value, such as gold, silver, and platinum, often used for currency, jewelry, and as an investment.