The Tension That Occurs When You Believe You Have Made

question 42

Multiple Choice

The tension that occurs when you believe you have made a bad decision is called

• A)cognitive consonance.
• B)stereotype threat.
• C)postdecision dissonance.
• D)hindsight bias.

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Definitions:

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a given period.

Accounts Receivables

Outstanding payments owed by clients to a company for goods or services that have been delivered, but payment has not been received.

Commitment Fee

A charge levied by a lender on a borrower for an agreed loan commitment that has not yet been utilized.

Revolving Credit

A credit facility that allows a borrower to withdraw, repay, and redraw loans repeatedly up to a certain credit limit.