________ Bias Is a Tendency to Fixate on Initial Information

question 33

Multiple Choice

________ bias is a tendency to fixate on initial information and fail to adequately adjust for subsequent information.

• A) Hindsight
• B) Overconfidence
• C) Anchoring
• D) Availability
• E) Self-serving

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Definitions:

Interest Expense

Interest expense refers to the charges a business incurs over time for borrowing money.

Income Taxes Expense

The amount of money a company or individual owes to the government based on their taxable income.

Times Interest Earned Ratio

A financial metric that measures a company's ability to meet its debt obligations by comparing its interest expenses to its earnings before interest and taxes (EBIT).

Net Income

The net income of a company, which is the remaining amount after deducting all expenses and taxes from the total revenue.