The Tendency to Search for Information That Supports One's Preconceived

question 24

Multiple Choice

The tendency to search for information that supports one's preconceived beliefs and to ignore information that contradicts those beliefs is known as ________.

• A)confirmation bias
• B)loss aversion
• C)the bandwagon effect
• D)overconfidence
• E)unrealistic optimism

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Definitions:

Operating Cost

Expenses associated with the day-to-day running of a business, excluding the cost of goods sold.

Soft Infrastructure

Non-physical infrastructure, including institutions, human capital, and societal systems that support economic activities.

Community Receptivity

The level of openness or acceptance that a community shows towards a new idea, product, or initiative.

Business Environment

The combination of internal and external factors that influence a company's operating situation.