Michelle Was Trying to Figure Out the Best Way to Take

question 88

Multiple Choice

Michelle was trying to figure out the best way to take notes.She tried both a deductive and an inductive approach.She tried highlighting the most important facts.After the exam,she realized it would have been much more to her advantage to concentrate on specifics.Michelle's realization is an example of

• A)overconfidence.
• B)the framing effect.
• C)the illusory correlation.
• D)the hindsight bias.

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Definitions:

Entrepreneurial Task

Activities or responsibilities undertaken by an entrepreneur in the process of starting and managing a business.

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Collective investment schemes where funds from multiple investors are pooled together to purchase securities.

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Management Strategies

Comprehensive plans and approaches adopted by a company’s management to achieve its objectives and sustain competitive advantage.