Which Omission Occurs When Decision Makers Fail to Notice Gradual

question 56

Multiple Choice

Which omission occurs when decision makers fail to notice gradual variations over time?

• A)Inattentional blindness
• B)Incremental blindness
• C)Change blindness
• D)Normative myopia

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Definitions:

Inventory

A company's complete stock of items and materials, kept for the aim of either resale or use in manufacturing processes.

Sales Discount

A reduction in the price of a product or service offered by a seller to the purchaser, usually provided for prompt payment or in specific situations.

Contra-Revenue

Accounts on the income statement that are deducted from gross revenue to arrive at net revenue, such as sales returns, allowances, and discounts.

Operating Expense

Costs related to the daily operations of a business, excluding the cost of production.