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Primary Reasons for Spot Buys Include All of the Following

question 28

Multiple Choice

Primary reasons for spot buys include all of the following EXCEPT:


Definitions:

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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