Selectively Gathering and Interpreting Evidence That Substantiates a Hypothesis, While

question 32

Multiple Choice

Selectively gathering and interpreting evidence that substantiates a hypothesis, while ignoring evidence that might disprove it, constitutes the phenomenon of _______.

• A)anchoring
• B)base rate neglect
• C)confirmation bias
• D)WYSIATI

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Definitions:

Compliance

Compliance involves following and adhering to laws, regulations, standards, and ethical practices in one's personal actions or in the operations of a business or institution.

Activity-Based Measure

A performance metric or accounting method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption by each.

5C Model

A marketing model encompassing five essential elements: Company, Customers, Competitors, Collaborators, and Context.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization, tracking performance against strategic goals.