Typically, When People Use Anchoring and Adjustment to Estimate Something

question 88

Multiple Choice

Typically, when people use anchoring and adjustment to estimate something, the importance of ________ in influencing their assessment is too large.

• A)the anchor
• B)the adjustment
• C)both the anchor and the adjustment
• D)neither the anchor nor the adjustment

---

Definitions:

Retained Earnings

represents the cumulative amount of net income earned by a company over time that has not been distributed to shareholders as dividends.

Exchange Rate

The price at which one currency can be exchanged for another currency, influencing international trade and investments.

Monetary Items

Units of currency held and assets and liabilities to be received or paid in a fixed or determinable amount of currency.

Currency Units

Units of account used as a medium of exchange, represented in forms such as dollars, euros, yen, etc.