Which of the following statements about biased decision making is true?
A. Hindsight helps you correctly assess what you should have known beforehand.
B. When you are making a decision and you have considerable experience in that area, you are then most likely to be overconfident.
C. When confronted with a choice, people with strong prior beliefs tend to make their decisions based on their beliefs even if their beliefs are false.
D. Sometimes a single event can allow you to determine the trend.
E. You could confidently make a decision about something by asking 20 of your friends and deciding based on their preferences.
C. When confronted with a choice, people with strong prior beliefs tend to make their decisions based on their beliefs even if their beliefs are false.
When confronted with a choice, decision makers with strong prior beliefs tend to make their decision based on their beliefs, even if evidence shows those beliefs are wrong.
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Answer the following statements true (T) or false (F)
1. Supply of safe water is a concern in developing nations, but fortunately not in Canada. 2. Climate change is also referred to as global warming. 3. Environmental audits within a corporation typically focus on particular plants or projects operating in sensitive environmental areas. 4. Corporations should engage in a dialogue with government agencies in order to contribute to the resolution of environmental problems. 5. Government departments can assist corporations in meeting environmental performance objectives.
Chile's economic reforms mostly lean toward nationalization instead of privatization
Indicate whether the statement is true or false
The measurement stage of accounting is accomplished by
a. recording data. b. reporting to decision makers. c. processing data. d. storing data.
Non-financial measures are generally less timely than are financial performance measures
Indicate whether the statement is true or false