The ________ Bias Leads Decision-Makers to Try to Protect What

question 18

Multiple Choice

The ________ bias leads decision-makers to try to protect what they have,even when an objective evaluation of their circumstances suggests that a change would be beneficial.

• A) egocentric
• B) choice-supportive
• C) time-saving
• D) status quo
• E) outcome

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Definitions:

Bonds Payable

A long-term debt instrument issued by a company to investors, representing the amount it is obligated to pay back with interest.

Fair Value

A market-based measurement that reflects the amount for which an asset could be exchanged or a liability settled between knowledgeable, willing parties.

Pre-Tax Profit

The profit earned by a business before any tax is deducted.

Intercompany Sales

Transactions of goods or services between divisions or subsidiaries within the same parent company.