Which of the Following Occurs When a Person Has Already

question 89

Multiple Choice

Which of the following occurs when a person has already invested in a course of action, and does not recognize what they invested initially is gone?

• A) sunk costs fallacy
• B) satisficing
• C) hindsight bias
• D) overconfidence bias

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Definitions:

Stacked Payees

involves multiple individuals or entities being listed on a financial instrument, requiring the endorsement of all listed before it can be negotiated or cashed.

Ambiguous

Something that can be understood in more than one way or is not clearly defined.

Indorsements

Signatures or stamps placed on a document (often a financial document) that specify the legal transfer of rights from one party to another.

Unqualified Indorsement

An endorsement on a financial instrument, like a check, that doesn't limit payment to any particular individual or entity.