Taj Is Writing a Paper on Global Warming

question 29

Multiple Choice

Taj is writing a paper on global warming.He only includes research findings that support his own beliefs about global warming because he thinks that all the contradictory findings must be the result of flawed research.This is an example of

• A)misunderstanding or not using statistics.
• B)hindsight bias.
• C)seeing relationships that do not exist.
• D)confirmation bias.

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Definitions:

Payback Period

The amount of time it takes for an investment to generate cash flow sufficient to recover its initial cost.

Operating Costs

Expenses associated with the day-to-day operations of a business, including rent, utilities, and payroll.

Purchase Price

The amount paid to acquire a product or service, or the cost at which something is bought.

Salvage Value

The forecasted worth of an asset upon reaching the end of its utility.