The Authors of Your Text Explain That People Tend to Overestimate

question 187

Multiple Choice

The authors of your text explain that people tend to overestimate how bad they will feel if a negative event were to happen to them.This tendency is called

• A)the rationalization trap.
• B)cognitive dissonance.
• C)self-affirmation.
• D)the impact bias.

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Definitions:

Barriers to Entry

Obstacles that prevent new competitors from easily entering an industry or area of business.

Governmental Prohibitions

Regulations or laws imposed by a government to forbid specific activities, products, or services within its jurisdiction.

Strong-Armed Tactics

Aggressive or forceful strategies used to influence or control outcomes, often in a business or negotiation context.

Business Practices

Established methods of conducting business activities, including management, marketing, and operational procedures.