Claude and Marie Are Excited Because They Just Bought a Restaurant

question 65

Multiple Choice

Claude and Marie are excited because they just bought a restaurant. The last seven restaurants that have been operated at that location have gone bankrupt within a year of their openings, but Claude and Marie are certain their restaurant will be successful because they plan on working hard. In this case, the new business partners are

• A)showing belief perseverance.
• B)showing evidence of the gambler's fallacy.
• C)showing the confirmation bias.
• D)apparently ignoring base rates.

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Definitions:

Employment Interview

An Employment Interview is a formal, face-to-face or virtual meeting where an employer evaluates a potential employee's qualifications, skills, and suitability for a position.

Validity

The degree to which a test, measure, or research conclusion accurately represents what it is designed to assess.

Structured Interview

An interview format where each candidate is asked the same predefined set of questions, providing a consistent basis for evaluating their responses.

Transformational Leadership

A style of leadership where the leader works with teams to identify needed change, creating a vision to guide the change through inspiration.