Salma Asked Lillie,"How Did You Do in the Final Assessment

question 58

Multiple Choice

Salma asked Lillie,"How did you do in the final assessment?" Lillie responded,"I knew everything!" Salma said,"So you can expect a 100! That will be awesome!" Lillie thought for a moment and said,"Maybe not actually that much of everything.I would say 95 to 100." Lillie curbed Salma's judgment bias by using:

• A)a confidence estimate.
• B)trial-and-error calibration.
• C)healthy skepticism.
• D)a defense hedge.
• E)a hasty generalization fallacy.

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Definitions:

Profit Margin

A financial metric used to assess a company's profitability by calculating the ratio of net income to revenue.

Net Income

The total profit of a company after all expenses and taxes have been subtracted from revenue.

Return On Investment

A financial metric used to evaluate the efficiency of an investment, calculating profit or loss relative to the amount of money invested.

Departmental Income Statement

A financial statement that shows the income, expenses, and net income of different departments within a company.