Which of the Following Is an Example of the Systematic

question 58

Multiple Choice

Which of the following is an example of the systematic bias of being overconfident?

• A) About 80% of the people on an Internet dating site rate their looks as very good or above average.
• B) A person decides to save his overtime payment this week, but once he receives the payment, he spends it.
• C) A person buys a product because it is listed at 80% off an inflated price.
• D) People continue to play golf in a rainstorm because they don't want to waste the money they paid on greens fees.

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Definitions:

Open Book Management

Practice of sharing financial information with employees and teaching them how to understand and use financial statements.

Financial Information

Data regarding the financial performance and position of an individual or entity, including statements, reports, budgets, and financial indicators.

Online Retail

Online retail involves selling goods or services to consumers via the internet, leveraging websites or digital platforms to facilitate transactions and deliveries.

Financial Information

Data regarding the monetary aspects of a company or individual, including income, expenses, assets, liabilities, and investments.