Which One of the Following Is an Example of a Material

question 59

Multiple Choice

Which one of the following is an example of a material artifact or symbol?

• A) The lines on the parking lot are repainted every year.
• B) The offices of upper management are carpeted; the offices of administrative personnel have tile floors.
• C) The company sponsors a local youth sports team.
• D) Incoming calls are answered by a live person.

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Definitions:

Sunk Cost Effect

The phenomenon where a person continues an endeavor because of previously invested resources (time, money, or effort), despite potential losses.

Availability Heuristic

The availability heuristic is a mental shortcut that relies on immediate examples that come to mind when evaluating a specific topic, concept, method, or decision.

Confirmation Bias

Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms one’s preexisting beliefs or hypotheses.

Self-Serving Bias

A common cognitive bias where individuals attribute their successes to personal factors while attributing their failures to external factors.