Which of the Following Is One of the Major Biases

question 121

Multiple Choice

Which of the following is one of the major biases in thinking described in the text?

• A)misunderstanding or not using statistics
• B)seeing relationships that do not exist
• C)judging a book by its cover
• D)ignoring other people's perspectives

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Definitions:

Diversification

A risk management strategy that mixes a wide variety of investments within a portfolio.

Marketing Strategy

A comprehensive plan formulated by a business to achieve specific marketing goals and objectives.

New Customers

Individuals or organizations that have not previously purchased from a business, representing an opportunity for growth and expansion.

Unrelated Products

Products that have no significant connection or complementarity in use, production, or marketing to each other.