In Order for a Director of a Corporation to Show

question 43

True/False

In order for a director of a corporation to show that she can rely on the defence of due diligence,she must exercise only the duty of care of a reasonable person.

Interpret results from experiments comparing two sets of data.

Apply the correct statistical tests for comparing population variances.

Identify the assumptions underlying variance comparison tests.

Calculate confidence intervals and interpret their meaning in the context of the data.

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Definitions:

Adjustment Bias

A cognitive bias that affects the decision-making process, leading individuals to make decisions based on adjustments from a reference point.

Lack-of-participation Error

Describes a situation where the absence of employee involvement in decision-making leads to decreased morale, motivation, and potentially suboptimal outcomes.

Confirmation Error

A bias in decision-making where individuals favor information that confirms their pre-existing beliefs or hypotheses.

Confirmation Error

A cognitive bias that involves favoring information that confirms pre-existing beliefs or values, while disregarding evidence that contradicts them.