Which of the Following Biases Leads People to Resist Policies

question 17

Multiple Choice

Which of the following biases leads people to resist policies and behaviors that are new?

• A) Hindsight bias
• B) Confirmation bias
• C) Status quo bias
• D) Anchoring bias
• E) Media bias

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Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that serve as a global framework for preparing financial statements.

Comparability

An accounting principle that ensures financial statements can be consistently compared across different periods and entities.

Differential Reporting

A principle allowing entities not to adhere strictly to some accounting standards if their specific size or nature makes such standards not relevant.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that serve as a global framework for financial reporting.