In a Study on Real Estate Agents, It Was Found

question 73

Multiple Choice

In a study on real estate agents, it was found that the agents allowed the asking price of a house to unduly influence their professional evaluation of the house.What is this an example of?

• A)Satisficing
• B)Anchoring effect
• C)Confirmation bias
• D)Hindsight
• E)Risky shift

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Definitions:

Corporate Citizenship

Refers to a company's responsibilities toward society. This concept emphasizes the importance of acting in a socially responsible manner that goes beyond profit-making.

Fiduciary Duties

Refers to the obligations of loyalty and care that fiduciaries owe to their clients or beneficiaries, ensuring their best interests are prioritized.

Ethical Audit

A systematic evaluation of an organization's ethical policies, practices, and culture to assess compliance with ethical standards and identify areas for improvement.