An Increased Commitment to a Previous Decision Despite Evidence That

question 138

Multiple Choice

An increased commitment to a previous decision despite evidence that it may have been wrong is a phenomenon called ________.

• A)confirmation bias
• B)overconfidence bias
• C)hindsight bias
• D)escalation of commitment

Understand the role of policy and regulation on online business practices.

Distinguish between procurement and purchasing in the digital marketplace.

Appreciate the competitive strategies in e-commerce, especially regarding Amazon's approaches.

Understand the legal and ethical challenges within the digital advertising and domain spaces.

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Definitions:

Pupil

Adjustable opening that allows light into a camera eye.

Opening

Creating a gap or space, providing access or an entrance to something.

Center

Often used in various contexts to denote the middle point of something; in geometry, it refers to the point equidistant from all points on the circumference of a circle or surface of a sphere.

Visual Pigment

Light-sensitive molecules found in photoreceptor cells of the retina, essential for converting light into visual signals.