A(n)________ Occurs When Decision Makers Seek Out Information That Reaffirms

question 94

Multiple Choice

A(n) ________ occurs when decision makers seek out information that reaffirms their past choices and discount information that contradicts past judgments.

• A)anchoring effect
• B)confirmation bias
• C)overconfidence bias
• D)sunk costs error
• E)self-serving bias

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Definitions:

Long-term Equity

Investment in stocks or shares that are held for an extended period to benefit from their potential growth in value over time.

Continuous Reinvestment

The practice of continually reinvesting profits or earnings back into the business, project, or portfolio to promote growth and expansion.

Competitive Disadvantage

A condition or circumstance that puts a company at a less favorable position in the market compared to its competitors.

Entrepreneurial Task

Activities or responsibilities undertaken by an entrepreneur in the process of starting and managing a business.