Marcia Thought That She Would Have Enough Time to Write

question 54

Multiple Choice

Marcia thought that she would have enough time to write her paper after she bought groceries and cleaned the house,but she ran out of time.This is an example of

• A)belief perseverance.
• B)the planning fallacy.
• C)confirmation bias.
• D)heuristic problems.

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Definitions:

Agency Contract

A legal agreement in which one party, the agent, agrees to act on behalf of another, the principal, typically in a business context.

Nullify

To make something legally void or ineffective, canceling its legal force.

Best Interest

A standard that guides decisions meant to favor the well-being or advantage of an individual or entity, often used in legal and financial contexts.

Agent's Duty

The responsibilities and obligations an agent owes to their principal, including acting with care, loyalty, and in good faith.