Answer the following statement(s) true (T) or false (F)
1. Confirmation bias is the propensity to over-rely on information recollected from memory when making a decision.
2. An ethical dilemma is defined as conflicts between two or more morally pleasant alternatives.
3. The key to being an ethical person or organization is to consistently choose to do the right thing.
4. There are three main ethical decision-making approaches: utilitarian approach, rights approach, and objectivity approach.
5. The rights approach of ethical decision making fosters decisions made on moral principles that infringe as little as possible on the entitlements of others.
1. FALSE
2. FALSE
3. TRUE
4. FALSE
5. TRUE
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Sample size is influenced by which of the following?
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Suppose that a firm has historically been achieving "Three Sigma" quality. If the firm later changes its quality management practices such that it begins to achieve "Six Sigma" quality, which of the following phenomena will result?
A) The average number of defects will be cut in half. B) The specification limits will be moved twice as far from the mean. C) The average number of defects will be cut by 99.9997%. D) The average number of defects will be cut by 99.87%. E) The average number of defects will be cut by 99.73%.
We can write any anticipated forward exchange rate as a function of the difference between the expected inflation rates of two countries and the current or spot exchange rate
Indicate whether the statement is true or false.
The promises of the insurer are found in the insurance policy
Indicate whether the statement is true or false