When Weighing a Decision,Kate Places Greater Emphasis on Opinions That

question 8

Multiple Choice

When weighing a decision,Kate places greater emphasis on opinions that match her own than she does on opinions offered by others that disagree with her personal point of view.Kate illustrates which one of the following?

• A)frame dependence
• B)overconfidence
• C)gambler's fallacy
• D)confirmation bias
• E)overoptimism

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Definitions:

Consolidated Financial Statements

Financial statements that provide a comprehensive overview of a company's financial position by combining the accounts of the parent company with those of its subsidiaries.

Regulatory Organization

An entity established by a government to regulate specific activities, industries, or professions.

Public Market

A transparent and regulated marketplace where securities, commodities, and other financial instruments are traded.

Journal Entry

A record in accounting that represents a transaction where debit and credit balance totals are equal.