Examlex
Primary reasons for spot buys include all of the following EXCEPT:
Status Quo Bias
The tendency to avoid making a decision.
Irrational Behavior
Actions or decisions that contradict logic or reasoning, often deviating from expected or standard behavior.
Overconfidence
A cognitive bias where an individual overestimates their own ability, knowledge, or control over events.
Opportunity Costs
The cost of forgoing the next best alternative when making a decision, representing the benefits one misses out on when choosing one option over another.
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