Fact Pattern 17-A1 (Questions A9-A10 Apply)

question 9

Multiple Choice

Fact Pattern 17-A1 (Questions A9-A10 apply)
Mutual Company enters into a contract to employ Neil as an investment manager for two years.During the first year,Neil is often absent without explanation and when present fails to adequately monitor and manage Mutual's investments.
-Refer to Fact Pattern 17-A1.With respect to Mutual's duties,Neil's performance most likely

• A)discharges Mutual from the contract.
• B)has no effect on Mutual's performance.
• C)increases Mutual's duties under the contract.
• D)suspends Mutual's duty to perform.

Understand the role of confirmation bias in affecting judgment and decision-making.

Comprehend the significance of expertise and how it differs from novice understanding in specific fields.

Identify cognitive biases and heuristics that lead to systematic errors in decision making.

Explain how functional fixedness can limit problem-solving abilities.

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Definitions:

Open Discussion

A method of engaging in a topic where all participants are encouraged to openly share their thoughts, ideas, and opinions.

Ethical Issues

Matters or situations requiring a decision about right and wrong conduct, often concerning moral principles or social values.

Promote Trust

Strategies or actions aimed at building or enhancing faith and confidence among individuals, within organizations, or with the public.