Sixty-Five-Year-Old Bernice Is Taking Courses at a University with the Intention

question 30

Multiple Choice

Sixty-five-year-old Bernice is taking courses at a university with the intention of completing a bachelor's degree. Some members of her family think she is not likely to succeed because she is much too old to learn new information. These family members are demonstrating:

• A)hindsight bias.
• B)the rule of commitment.
• C)cognitive dissonance.
• D)stereotyped thinking.

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Definitions:

Corporate Tax Rate

The rate at which businesses are taxed on their profits by the government.

Corporate Tax Rate

The percentage of corporate profits that companies are required to pay to the government as tax.

Fixed Costs

These are expenses that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.

Economy Strong

A state wherein an economy is experiencing robust growth, low unemployment, and increasing levels of consumer spending and business investment.