In Berkshire Hathoway Annual Reports Warren Buffet Highlights Business Tenets

question 58

Multiple Choice

In Berkshire Hathoway annual reports Warren Buffet highlights business tenets that he believes are important.Which of the following is not a business tenet of Warren Buffet?

• A) Is the business unique and technologically advanced?
• B) Does the business have a consistent operating history?
• C) Does the business have favorable long-term prospects?
• D) a and b above.
• E) All of the above are business tenets of Warren Buffet.

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Definitions:

Halo Effect

A cognitive bias where a positive impression in one area influences a person's perception in other areas.

Bottom-up Processing

A way of processing information where perception starts with an analysis of the basic elements and builds up to a complete perception.

Self-relevant

Pertaining to information or stimuli that have personal significance to an individual, often influencing attention, perception, and memory processes.

Downward Counterfactual

An imagined alternative in which the outcome is worse than what actually happened.