What Is the Name for Progressively Larger Self-Justifications That Lead

question 61

Multiple Choice

What is the name for progressively larger self-justifications that lead to bad outcomes

• A) rationalization trap
• B) cherry-picking data
• C) self-justification
• D) sufficient justification

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Definitions:

Compounded annually

A way of calculating interest where the interest is added to the principal at the end of each year, leading to an increase in the amount on which the following year's interest is calculated.

RRSP fund

A Registered Retirement Savings Plan (RRSP) fund is a retirement savings plan sponsored by the Canadian government, allowing citizens to save for retirement on a tax-sheltered basis.

Nominal rate

An interest rate or return quoted on an investment or loan, not adjusted for inflation or other factors.

Effective rate

The total compounded interest rate, expressed annually, that represents the actual financial cost of a loan or investment.