Much of the Time, People Are Interested in Keeping Their

question 77

Multiple Choice

Much of the time, people are interested in keeping their options open rather than making restrictive, final decisions. Two biases that help them avoid making decisions are ____.

• A) the status quo bias and the certainty bias
• B) the omission bias and the certainty bias
• C) temporal discounting and the certainty bias
• D) the status quo bias and the omission bias

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Definitions:

International Franchise

A business model where a company allows an individual or other business to operate a franchise in a foreign country using its brand, trademark, and products.

Fast Food Chain

A series of restaurants serving quick-service food items, standardized across locations for consistency and speed.

Contractual Business Arrangement

A legally binding agreement between two or more parties outlining the terms and conditions of a business relationship.

Pledge Funds

Investment funds where investors commit capital to be called upon by the fund managers as investment opportunities arise, typically used in real estate and private equity.