Because the Conclusion Is the Last Thing the Audience Hears

question 56

Multiple Choice

Because the conclusion is the last thing the audience hears, it may be the first thing the audience remembers days or weeks after your presentation. This is called the ________.

• A) belief bias
• B) ambiguity effect
• C) confirmation bias
• D) recency effect
• E) focusing effect

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Definitions:

Inferior Good

A category of products whose demand diminishes when consumer income rises, in opposition to normal goods.

Wage Rate

The fixed amount of compensation or payment provided to an employee by an employer in return for work performed, typically expressed per hour or year.

Utility Maximizer

An individual or entity that seeks to achieve the highest level of satisfaction possible from their consumption choices, given their resources.

Net Seller

An individual or entity that sells more than it purchases in a given market, often resulting in a net inflow of funds.