____ Occurs When People's Subjective Confidence in Their Decision Making

question 21

Multiple Choice

____ occurs when people's subjective confidence in their decision making is greater than their objective accuracy.For example,Sara thinks she is a superb writer and editor,but her reports are always filled with typos,grammatical errors,and sentence fragments.

• A)Confidence bias
• B)Overconfidence bias
• C)Hindsight bias
• D)Predisposition bias
• E)The tunnel vision effect

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Definitions:

Limited Partnership

A partnership structure where there is at least one general partner who manages the business and assumes unlimited liability, and one or more limited partners who provide capital and have liability only up to the amount of their investment.

Unlimited Liability

Refers to a legal structure where the owners are personally responsible for the debts and obligations of the business without any limit, potentially impacting their personal assets.

Legal Agreement

A contract that outlines terms and conditions between parties, binding them legally.

UPA

Uniform Partnership Act, which is legislation adopted by some states in the USA to govern partnerships.