After choosing among several computer server systems, the Director of Information Systems feels very positive about the final choice. However, some of this optimism is due to the fact that the Director forgot about few of the limitations of the chosen system and unconsciously downplays the importance of the positive features of the rejected systems. The Director of Information Systems is engaging in:
A. escalation of commitment.
B. rational maximization.
C. rational choice thinking.
D. confirmation bias.
E. impulsive buying.
D. confirmation bias.
The Director is engaging in confirmation bias. Confirmation bias is the ''unwitting selectivity in the acquisition and use of evidence.When evaluating decisions, people with confirmation
bias ignore or downplay the negative features of the selected alternative and overemphasize
its positive features.
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________ refers to the creation of a computer file that holds the raw data taken from all of the acceptable completed questionnaires
A) Data entry B) Data coding C) Data matrix D) Data filing E) Data surveying
Industries with relatively high market-to-book ratios are more likely to have ___________________________________ assets
Fill in the blank(s) with correct word
During March, Department A started 300,000 units of product in a particular production process. The beginning work in process inventory was 50,000 units, and the ending inventory was 40,000 units. Direct materials are introduced at the start of processing, and beginning and ending inventories are considered to be 40 percent complete with respect to conversion costs. Department A uses the FIFO
costing method. The number of units started and completed during March was a. 300,000. b. 260,000. c. 324,000. d. 276,000.
Sam and Amanda are both beer distributors in Center City. They agree not to sell beer to
Skipper's Pizza Parlor because Skipper is difficult to deal with. This action is: A) A group boycott. B) A horizontal market division. C) A vertical market division. D) Both A and C. E) Legal, because the same action could have been reached unilaterally.