Fill in the Blank with the Phrase That Best Completes

question 175

Multiple Choice

Fill in the blank with the phrase that best completes the sentence.
-A kiosk that sells sunglasses at a local mall is an example of a(n) ________.

• A)responsibility center
• B)cost center
• C)investment center
• D)revenue center
• E)profit center

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Definitions:

Overconfidence

The phenomenon where an individual's subjective confidence in their judgments is reliably greater than their objective accuracy.

Representativeness Heuristic

A cognitive shortcut that involves judging the probability of an event by how closely it matches one's prototype of that event.

Confirmation Bias

A propensity for selecting, interpreting, favoring, and recollecting data that affirms one's previously held beliefs or suppositions.

Fixation

In psychology, a persistent focus of attention or obsession on an object or subject.