Anchoring and adjustment heuristics can lead us to ___________, which is the tendency to over-rely on initial information while overlooking other important criteria.

a. Availability bias
b. Projection heuristics
c. Confirmation heuristics
d. Anchoring bias


d. Anchoring bias

Business

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Which of the following is true of the arbitration framework created by the New York Convention?

A) Signatory countries can require parties to an arbitration agreement to actually use arbitration. B) Signatory countries recognize and can enforce arbitration judgments. C) There are limited grounds for appealing arbitration decisions. D) The grounds that are recognized are different than the typical appeals that are permitted in a court of law. E) all of the above

Business

Firms account for leases using either the operating lease method or the capital (finance) lease method. Which of the following is not true?

a. The capital, or finance, lease method treats leases equivalent to installment purchases or sales, where the lessee borrows funds from the lessor to purchase the asset and the lessor recognizes profit at the time of sale. b. The lessee records the leased asset and the lease liability on the balance sheet at the present value of the contractual cash flows at the time of signing the lease. c. The lessor amortizes the leased asset, similar to recognizing depreciation on buildings and equipment. d. The lessee recognizes interest expense on the lease liability, similar to recognizing interest expense on long-term notes or bonds. e. The lessor records the signing of a capital lease the same as if the lessor sold the leased asset for an installment note receivable.

Business

According to the ____________________ principle, bad debt expense must be recorded in the period related to the sale

Fill in the blank(s) with correct word

Business

An inclusive work environment is one that ensures all employees can contribute fully to the organization

Indicate whether the statement is true or false

Business