Nigel Often Cites Newspaper Editorials Favoring the Presidential Candidate He

question 60

Multiple Choice

Nigel often cites newspaper editorials favoring the presidential candidate he supports.He appears to ignore editorials' criticism of the candidate.Nigel appears to be prone to:

• A)functional fixedness.
• B)mental set.
• C)the confirmation bias.
• D)the representativeness heuristic.

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Definitions:

Investment Decisions

The process of making choices about where to allocate resources and capital to generate returns.

Entrepreneurial Success

The achievement of desired goals and objectives by someone who undertakes the risk of starting a business.

Net Present Value

A financial metric used to appraise the profitability of an investment, calculating the difference between the present value of cash inflows and outflows over a period.

Interest Rate

The amount charged by lenders to borrowers for the use of money, expressed as a percentage of the principal, over a given period.