Sara's Laptop Started Causing Her Problems

question 116

Multiple Choice

Sara's laptop started causing her problems.It was taking a long time to boot up,and froze unexpectedly a number of times.Now the laptop has shut down completely and she cannot get it started up again.One of the group members on her project said to Sara,"You should have gone for help when it started acting up,now you've affected all of us." This scenario is an example of what type of decision-making trap?

• A)framing bias
• B)anchoring
• C)overconfidence bias
• D)hindsight bias

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Definitions:

Market Price

The existing price level for transactions involving an asset or service.

NPV Projects

Projects evaluated based on the Net Present Value method, which calculates the present value of expected cash flows minus the initial investment.

Stock Split

An action by a corporation to break up its present shares into more shares, aiming to improve the tradability of the shares.

Market Price

The price at present for the exchange of an asset or service on the open market.