Confirmation Bias Refers to the Tendency of Human Beings to ______________________When

question 5

Multiple Choice

Confirmation bias refers to the tendency of human beings to ______________________when presented with facts that contradict their beliefs.

• A) change their beliefs
• B) maintain their beliefs
• C) become open to persuasion
• D) seek confirmation

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Definitions:

Sole Proprietorship

A business owned and operated by one individual, where there is no legal distinction between the owner and the business entity.

Competitor

A person or organization that is in the same industry or field and is in competition for the same market share.

Robinson-Patman Act

A 1936 U.S. law aimed at preventing anticompetitive practices by producers, specifically price discrimination.

Suggested Retail Price

The price that manufacturers recommend retailers sell their product for to consumers, often used as a guideline rather than a strict requirement.